Vivek Ramaswamy's company Strive Asset Management has planned to launch a new financial product called Bitcoin Bond ETF.

What is Bitcoin Bond ETF?

ETF stands for Exchange-Traded Fund, which represents an investment product that is traded in the stock market, like shares.

The concept of Bitcoin Bond ETF is that it will indirectly track the price and performance of Bitcoin, but there will be no need to buy Bitcoin directly. It consists of a mix of bonds and Bitcoin-related assets.

What does this filing mean?

Strive has submitted an application to the authorities so that they can launch this ETF.

If approved, investors will be able to easily invest in Bitcoin and bonds without having to manage cryptocurrencies directly.

This development is considered a significant step for the cryptocurrency world, as it will make it easier for institutional and retail investors to access Bitcoin.