Vivek Ramaswamy’s Strive Asset Management is joining the group of ETF supporters by formally filing the Strive Bitcoin Bond ETF with the Securities and Exchange Commission (SEC). In a 475A filing filed on December 26, Strive aims to take advantage of the changing investment landscape favoring Bitcoin, digital assets and blockchain.
According to prospectus made available on the SEC’s website, the Strive team aims to provide investors with access to MicroStrategy convertible funds. These funds are currently enjoying popularity thanks to the affable political climate and the expected introduction of affable regulations regarding cryptocurrencies.
Strive’s basic investment strategy is to invest at least 80% of its funds Bitcoinand the remainder in short-term money market instruments such as U.S. government securities.
The first of many planned Bitcoin solutions by Strive will democratize access to Bitcoin bonds, which are bonds issued by corporations to purchase Bitcoin. We believe these bonds provide attractive exposure to the risk and return of Bitcoin, however, most of them are not available for purchase… pic.twitter.com/F7oiKDuDb7
— Keep trying (@StriveFunds) December 26, 2024
Strive is taking a bold step towards a Bitcoin-first policy
Strive is taking a bold investment step at a time when Bitcoin and digital assets are becoming increasingly popular in the financial market. Michael Saylor, an industry leader in Bitcoin adoption, has become a template for many up-and-coming investment houses looking to succeed.
Strive’s prospectus highlights Strive’s investment strategy, which leverages MicroStrategy’s successes. The Bitcoin investment thesis based on MicroStrategy is currently a popular template for many people and is helping Bitcoin continue to test the 100k level. dollars. Additionally, there are also expectations that Donald Trump’s presidency will be beneficial to the crypto niche.
Through its CEO, Matt Cole, Strive Funds supports the Bitcoin strategy. In a recent statement, Cole explained that the company is exploring investments that will fit with the current Bitcoin and blockchain-friendly administration.
In preparation for its involvement in Bitcoin Bond ETFs, Strive has published a Bitcoin Primer on its official website, explaining the basics, including history.
Strive Files for Bitcoin Bond ETF…
He would seek exposure to convertible securities issued by MicroStrategy. pic.twitter.com/ybJjbVFWUN
— Nate Geraci (@NateGeraci) December 26, 2024
Strive Investments Bitcoin Bonds ETF Strategy
According to the prospectus, Strive’s Fund is an actively managed ETF whose pool will invest its assets using derivatives, options and swaps to gain exposure to MicroStrategy convertible securities.
As part of its plan, the fund will invest at least 80% of its funds in Bitcoin. Strive, founded in 2022 by Ramaswamy, uses MicroStrategy as a benchmark, being the world’s largest and original Bitcoin treasury company. In low, Strive offers its investors the opportunity to invest in and potentially earn from Bitcoin without having to own it or even endure its highly volatile nature.
In addition to direct investments in Bitcoin, the company intends to specialize in other Bitcoin-related products to diversify its portfolio.
Bitcoin and Blockchain continue to gain acceptance among businesses
Using MicroStrategy investments as a template, Strive joins other companies to test fresh investment strategies that fit with today’s financial developments.
Strive’s interest in Bitcoin ETFs will be supported by Ramaswamy’s experience and closeness to the Trump administration. Together with Elon Musk, Ramaswamy was appointed to head the fresh DOGE agency, which aims to promote government efficiency.
Featured image from The Motley Fool, chart from TradingView
