- Strive Asset Management files Bitcoin Bond ETF focusing on bonds from companies funding Bitcoin investments.
- The ETF will invest 80% in Bitcoin bonds and allocate assets to technology and software sectors.
- Strive’s ETF will trade on NYSE and distribute weekly income for regulated cryptocurrency investment exposure.
Strive Asset Management, co-founded by Republican Vivek Ramaswamy, has entered the cryptocurrency market with a Bitcoin Bond ETF filing. The firm submitted its proposal to the U.S. Securities and Exchange Commission (SEC). The filling targets investors interested in digital asset exposure.
The proposed ETF will invest in bonds issued by companies funding Bitcoin purchases. These bonds include convertible securities and derivatives like swaps and options.
According to the filing, at least 80% of the assets will focus on these Bitcoin bonds. This strategy highlights the growing intersection of traditional finance and cryptocurrency investments.
MicroStrategy will play a significant role in the ETF. The fund could allocate over 25% of its assets to issuers in the technology sector.
Investment Structure and Compliance
The ETF intends to maintain regulatory standards for investment businesses. The assets of the fund will be held by the Depository Trust Company. This will ensure security and compliance.
Once approved, the ETF shares will trade on the New York Stock Exchange (NYSE). The filing also indicates that income generated by the fund will be distributed weekly hence providing regular returns for investors.
Managed by Experienced Professionals
Strive Asset Management’s CEO, Matthew Cole, will oversee the ETF. Portfolio managers Jeffrey Sherman and Randol Curtis will join him in managing the fund. The expertise of the team in finance and wealth management positions the ETF for effective operation.
The increasing prominence of Strive coincides with alignment of Ramaswamy with high-profile political figures. The market entry of the firm underscores its ambition to bridge the gap between traditional finance and digital assets. The move reflects broader trends as institutional players explore the crypto sector.
