Strive, an asset management company, has sought approval from the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) focused on investing in convertible bonds issued by MicroStrategy and other major corporate Bitcoin holders.
Strive, founded in 2022 by Republican politician Vivek Ramaswamy, has quickly positioned itself as a prominent player in the financial sector over the past years.
A December 26 filing revealed that its proposed Bitcoin Bond ETF will operate as an actively managed fund. The ETF aims to gain exposure to “Bitcoin Bonds” through direct investments or via financial instruments like swaps and options, providing a diverse approach to capitalizing on Bitcoin-linked corporate debt.
The firm has not yet disclosed the management fee for its proposed Bitcoin Bond ETF. However, actively managed funds, which…
