Strive Asset Management, co-founded Vivek RAMASWAMY (a Republican), has been making headlines within the crypto industry. Strive has finally filed to launch a ‘Bitcoin Bond’ exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC). This bold move by Strive to enter the Bitcoin ETF market is a sign of the growing connection between digital assets and traditional finance.
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Strive’s entry into the Bitcoin Bond Market
The filingThis latest ETF focuses on the bonds of companies that are used to fund Bitcoin investment. The ETF, as part of EA Series Trust also emphasizes Bitcoin Bonds. These are assets like swaps, option, and derivatives that are linked to companies highly focused on the King Coin. Once the ETF receives a green light, its shares will then be listed by the New York Stock Exchange. They are held at Depository Trust Company. The ETF is designed to meet regulated business standards for investment and release weekly income.
Strive Asset Management, co-founded Vivek RAMASWAMMA files for launch. “Bitcoin Bond” ETF. pic.twitter.com/k85DUMk7Je
— Watcher.Guru (@WatcherGuru) January 6, 2025
Strive’s latest ETF intends to invest at least 80% of its notional exposure in these specialized ‘Bitcoin bonds.’ The ETF’s strategy allows concentrated investment in certain issuers and can dedicate more than 25 percent of its assets towards the software and tech sectors.
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Looking Into Microstrategy’s Involvement
Michael Saylor is the founder of MicroStrategy, a leading name in cryptocurrency. Since establishing Bitcoin in 2020 as the firm’s principal Treasury Reserve asset, MicroStrategy has invested more than 27 billion dollars in Bitcoin. The stock’s price rose even more. Shares of the company have increased over 600% during the last 12 months. MicroStrategy became Strive’s primary investment.
Strive published a piece in the recent issue of Strive magazine that spoke further about Bitcoin. post,
“Since our inception, Strive has called out the long-term investment risks caused by the global fiat debt crisis, inflation, and geopolitical tensions. We strongly believe there is no better long-term investment to hedge against these risks than thoughtful exposure to Bitcoin.”
Bitcoin, which was valued at $96,603.53 in this context, had risen by 1.23% over the previous 24 hours.
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Source: watcher.guru
