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Strive Asset Management, founded by Vivek Ramaswamy, has filed with US regulators to launch the Strive Bitcoin Bond ETF. This new fund aims to offer exposure to Bitcoin-backed convertible bonds issued by companies like MicroStrategy. These bonds are used to finance Bitcoin purchases, with the companies often seeing significant returns on their crypto investments.
The ETF will be actively managed, focusing on financial instruments such as swaps and options to gain exposure to Bitcoin Bonds. Strive’s filing aligns with a growing trend of crypto-focused investment products. MicroStrategy, for example, has spent around $27 billion on Bitcoin since 2020, seeing its stock rise by over 2,200%.
With industry expectations of a more favorable regulatory environment for crypto under a Trump administration, this move reflects the increasing interest in Bitcoin and other digital assets. Strive’s new ETF could help investors tap into the potential growth of Bitcoin bonds and corporate crypto investments.
