Strive, an asset management firm co-founded by Donald Trump’s DOGE appointee Vivek Ramaswamy, is filing with the SEC to launch a Bitcoin bond ETF.
After the curse of the US spot crypto ETF was broken this year the approval of spot Bitcoin and Ethereum productsApparently, the floodgates have been opened to a variety of funds designed to meet the unique needs of investors craving crypto exposure.
These are included Options ETF filings, Index fundsand now a pension fund proposal from Strive, an asset manager co-founded by the former Republican presidential candidate and key player Donald Trump appointed Vivek Ramaswamy.
The Strive Bitcoin Bond ETF
Asset manager Strive, co-founded by Vivek Ramaswamy, has filed with the SEC to launch a Bitcoin bond ETF. In a brochure dated Thursday, December 26thThe company explained that the fund aims to provide investors with exposure to convertible securities of companies that use the proceeds to purchase Bitcoin.
Convertible notes are loan agreements that allow a company to raise funds by promising the lender interest and the option to convert the loan into equity at a specified time and price.
As Strive points out, the fund’s main holding, if approved, is likely to be this Microstrategy‘s convertible bonds in the middle of the company aggressive Bitcoin treasury strategy The company plans to raise $42 billion to purchase the asset over the next three years.
Meanwhile, Strive isn’t the only asset manager looking to offer investors easy access to a basket of companies with Bitcoin treasury strategies.
Bitwise Bitcoin Standard Corporations ETF
On Thursday, so did Bitwise, a $5 billion asset manager submitted an application to start a Bitwise…
