Strive Asset Management Files for Bitcoin Bond ETF

Strive Asset Management, co-founded by Vivek Ramaswamy, has filed with the SEC to launch a Bitcoin Bond ETF, targeting bonds issued by companies to fund Bitcoin investments, particularly focusing on MicroStrategy. The ETF is designed to allocate at least 80% of its exposure to these Bitcoin-related bonds and will also utilize derivatives like swaps and options. If approved, the ETF will be listed on the NYSE and aims to provide weekly income distributions to investors. This move highlights the increasing intersection between traditional finance and digital assets, reflecting a broader trend in the investment landscape. Strive views Bitcoin bonds as a hedge against inflation and geopolitical risks, with MicroStrategy's significant Bitcoin holdings presenting a primary investment opportunity. The filing marks a notable step in Strive's strategy to capitalize on Bitcoin's growth potential within regulated investment frameworks.