Stive, asset manager founded by Vivek Ramaswama, asked the United States regulatory bodies for permission to the list of the stock exchange fund (ETF) investing in interchangeable bonds issued by Microstrategy and other Bitcoin corporate corporate buyers, according to the application of December 26.
ETF aims to offer exposure to “bitcoin bonds”, described as “replacement securities issued by microstrategy” or by other companies that plan to “invest all or a significant part of influence on the purchase of Bitcoin”, According to for notification.
ETF Bitcoin Bitcoin bonds will be actively managed and will gain exposure to bitcoin bonds directly or through financial derivatives such as swaps and options.
Struve has not yet stated that investors will be charged, but actively managed funds usually charge more than passive index funds.
Entities holding bitcoins in their treasures. Source: Bitcointreasuries.INTERNET
Bitcoin bonds
Starting from 2020, Microstrategy spent about $ 27 billion on the purchase of Bitcoin (BTC) as part of a corporate tax strategy led by co -founder Michael Saylor.
Since then, his supplies have gained over 2200%, exceeding virtually every public company except NVIDIA.
MicroStrategy financed his purchases by issuing a mixture of modern supplies and replacement bonds. His bonds pay low interest or not at all, but they can transform MST shares in certain conditions.
Other companies followed in their footsteps. Corporate treasures now have about $ 56 billion BTC, According to for bitcointreasuries.net.net.
Source: Nate geeraci
Trump connection
Ramaswama, an open ally of President Elek Donald Trump, founded a Stive in 2022. The asset manager aims to facilitate investors “use the strength of capitalism” according to the Stive website.
In 2023, Ramaswama – who earned most of his net value of $ 1 billion from the establishment of the startup of the Biotechnology Roivant Sciences – conducted a campaign against Trump on a republican presidential basis.
Later he supported the President of Elekt. In November Ramaswama joined the founder of Tesla, Elon Musk as the leader of the Department of the Government Government (Doge), a private initiative to reduce the prodigal government expenditure.
Industry analysts perceive Trump’s presidential victory as a green featherlight for over half a dozen proposed cryptographic ETFs waiting for regulatory approval on the US list.
In 2024, asset managers submitted an avalanche of regulatory applications on the ETF list containing altcoins, including Solana (SOL)IN XRP (XRP) and Litecoin (LTC)IN among others.
Since winning the presidential election in the USA on November 5, Trump has proposed the appointment of the leadership of the pro-sports industry for key regulatory agencies.
In December, the President-Elek announced the former operational director PayPal David Sacks as his “AI and Crypto Czar” and former SEC Commissioner Paul Atkins as his election of the chairman of the Securities and Stock Exchange Commission.
Warehouse: Bitcoin’s $ 100,000 Push Wakes Taxman, Vitalik visits real moo deng: Asia Express
