Cryptopolitan
2024-12-26 23:16:55

Strive Asset Management Files for Bitcoin bond ETF with SEC

Strive Asset Management, led by Vivek Ramaswamy, is filing with the SEC on its “Strive Bitcoin Bond ETF.” Exposing investors to the convertible bonds by MicroStrategy with a more crypto-friendly regulatory landscape with Trump admin. The firm offering less volatile access to Bitcoin also holds U.S. Treasuries for liquidity. Strive Bitcoin Bond ETF Strive Asset Management, run by Vivek Ramaswamy, is filing with the SEC on a “ Strive Bitcoin Bond ETF. ” The 485A filing suggests investment landscapes shift from the old “follow the money” to new “follow the Bitcoin.” The proposed ETF is going to offer access to MicroStrategy’s convertible bonds, which have become so popular due to the potentially more favorable regulatory climate under the new administration. This is an important step by Strive as digital assets are gaining popularity in the financial world. The demand for MicroStrategy’s bonds that convert into stocks based on Bitcoin’s performance has been strong broader market for Bitcoin-related investments. There is also an expectation that following Donald Trump’s recent election victory, regulatory hurdles may ease for digital assets and more institutions will look at crypto-related financial products at ease. Matt Cole, CEO of Strive Funds, has been open about the strategy of the fund, pointing out that he is going to focus on vehicles that would be best suited by having a digital asset-friendly administration. His comments give an insight into what might be expected in 2025. Investment Strategy and Objective Strive Bitcoin Bond ETF strategy lies investment in what they describe as “Bitcoin Bonds. ” These are convertibles from a company such as MicroStrategy that happens to plough large proportions of the proceeds of bonds into Bitcoin. The use of derivative instruments by this ETF will enable to managing their exposure in these securities. The main objective of this fund is to replicate Bitcoin for investors through these Bitcoin Bonds and derivatives, allowing the investor to have less volatile exposure to the cryptocurrency without having to own it. The fund will invest in U.S. government securities, primarily Treasuries, to ensure liquidity and support its derivative positions. It may also invest in other investment companies specializing in Bitcoin-related financial instruments to diversify its approach to capturing the potential of Bitcoin. It indicates the growing acceptance of bitcoin in traditional finance and thereby has portrayed a strategic change towards digital assets that will help redefine how investment strategies get built. With Ramaswamy’s background opposition to corporate governance norms as well as his firm, which opposes ESG; this particular ETF might find investors who are looking out for non-traditional options which highlights the Bitcoin’s aspects. As 2025 begins, this kind of ETF could set up a trend that encourages broader crypto integration into investment portfolios. From Zero to Web3 Pro: Your 90-Day Career Launch Plan

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