Strive Asset Management, co-founded by Republican Vivek Ramaswamy, has officially filed with the SEC to launch a pioneering ‘Bitcoin Bond’ ETF. This bold move highlights the increasing synergy between conventional finance and the burgeoning cryptocurrency market. Targeting company-issued bonds that fund Bitcoin investments, this ETF plans to offer a unique bridge between digital assets and traditional investment avenues.

Positioned within the EA Series Trust, the proposed ETF will concentrate on Bitcoin bonds, including derivatives like swaps and options tied to Bitcoin-focused companies. Upon approval, the ETF’s shares are slated for listing on the New York Stock Exchange and will adhere to regulated investment standards, distributing income on a weekly basis.

With a strategy to allocate at least 80% of its exposure to ‘Bitcoin bonds,’ Strive’s new fund is set to provide investors with concentrated opportunities in the tech and software sectors. Furthermore, the success of MicroStrategy, a major investment target for Strive, underscores the potential of Bitcoin as a resilient asset amidst global economic challenges.