Strive Asset Management proposes a Bitcoin Bond ETF to invest in bitcoin-linked convertible securities, targeting companies like Microstrategy.
Strive Asset Management Proposes Bitcoin Bond ETF
Strive Asset Management, co-founded by Republican Vivek Ramaswamy, has submitted a proposal for a Bitcoin Bond exchange-traded fund (ETF). This ETF aims to provide exposure to bitcoin (BTC) by investing in convertible securities issued by bitcoin-centric firms, including Microstrategy Incorporated.
Targeting Bitcoin-Driven Companies
The proposed Bitcoin Bond ETF is an actively managed fund under Strive Asset Management, LLC, operating as a sub-adviser. The fund will focus on convertible securities such as swaps, options, and derivatives tied to organizations deeply invested in bitcoin.
Microstrategy, a prominent bitcoin-heavyweight, is the ETF’s primary target. The fund’s strategy also extends to other bitcoin-focused firms, such as RIOT, HUT8, EXOD, MARA, and SMLR, highlighting its broad market reach.
Strategic Focus and Investment Allocation
Strive’s Bitcoin Bond ETF plans to allocate 80% of its notional exposure to bitcoin-related bonds. It also permits concentrated investments, dedicating over 25% of assets to the tech and software sectors. The ETF will meet regulated investment company standards and distribute income quarterly upon approval.
The fund plans to list shares on the New York Stock Exchange (NYSE), with holdings maintained via the Depository Trust Company, ensuring regulatory compliance.
Strive’s Vision and Leadership
Strive Asset Management was founded in 2022 by Vivek Ramaswamy and Anson Frericks. Recently, U.S. President-elect Donald Trump appointed Ramaswamy to co-lead the Department of Government Efficiency (DOGE) alongside Elon Musk, emphasizing his influence in both political and financial spheres.
Strive’s bold entry into the bitcoin ETF space represents a significant step in bridging traditional finance (tradfi) with digital asset investments. By leveraging convertible securities, Strive positions itself as a pioneer in the evolving crypto investment landscape.
Why a Bitcoin Bond ETF Now?
In a statement on X, Strive emphasized the increasing risks posed by the global fiat debt crisis, inflation, and geopolitical tensions. The firm believes bitcoin offers a hedge against these risks, stating:
We strongly believe there is no better long-term investment to hedge against these risks than thoughtful exposure to bitcoin.
Stay informed about Strive Asset Management’s ETF proposal and its impact on the financial landscape. Visit Strive Asset Management’s website and follow official updates to track the development of this innovative bitcoin investment plan.
