🚀Strive Asset Management Files for "Bitcoin Bond" ETF🚀

Strive Asset Management, co-founded by Vivek Ramaswamy, has filed with the U.S. Securities and Exchange Commission (SEC) to launch the Strive Bitcoin Bond ETF. This actively managed exchange-traded fund (ETF) aims to invest in convertible bonds issued by companies that allocate a significant portion of their proceeds to purchasing Bitcoin.

A primary focus of the ETF is on securities from companies like MicroStrategy, a business intelligence firm that has invested over $27 billion in Bitcoin since 2020. MicroStrategy's substantial Bitcoin holdings have contributed to a significant increase in its stock price, which has risen nearly 600% over the past year.

The ETF plans to allocate at least 80% of its assets to these "Bitcoin Bonds," either through direct investments or via derivatives such as swaps and options. The fund will also maintain liquidity by holding high-quality, short-term money market instruments like U.S. Treasuries.

Matthew Cole, CEO and Chief Investment Officer of Strive, will manage the fund alongside portfolio managers Jeffrey Sherman and Randol Curtis.

This initiative reflects Strive's strategy to provide investors with innovative avenues for Bitcoin exposure, particularly through corporate debt instruments linked to cryptocurrency investments. The filing is currently under SEC review, and the ETF's launch will depend on regulatory approval.