#Strive seeks Bitcoin bond ETF#
Hot Topic Overview
Overview
Strive Asset Management has filed with the U.S. Securities and Exchange Commission (SEC) to list a Bitcoin bond ETF that would primarily invest in convertible bonds issued by MicroStrategy and other companies. Strive’s official filings show that the ETF is expected to invest at least 80% of its notional exposure in these “Bitcoin bonds.” Strive CEO and CIO Matthew Cole will co-manage the fund with portfolio managers Jeffrey Sherman and Randol Curtis.
Ace Hot Topic Analysis
Analysis
Strive Asset Management has filed with the U.S. Securities and Exchange Commission (SEC) to launch a Bitcoin bond ETF that would primarily invest in convertible bonds issued by companies like MicroStrategy. Strive's official filings show that the ETF is expected to invest at least 80% of its notional exposure in these "Bitcoin bonds." Strive CEO and CIO Matthew Cole will co-manage the fund with portfolio managers Jeffrey Sherman and Randol Curtis. Notably, Strive does not invest directly in Bitcoin but rather indirectly holds Bitcoin exposure by investing in companies that issue convertible bonds. These convertible bonds allow investors to convert the bonds into the issuing company's stock under certain conditions, and these companies typically hold large amounts of Bitcoin. This investment approach could provide investors with a new way to access the Bitcoin market while also mitigating the risks of investing directly in Bitcoin.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Strive's proposed Bitcoin bond ETF will primarily invest in "Bitcoin bonds" issued by companies such as MicroStrategy.
The ETF will invest at least 80% in "Bitcoin bonds", with the remainder invested in other assets.
Strive CEO and CIO Matthew Cole will co-manage the fund with portfolio managers Jeffrey Sherman and Randol Curtis.
Strive Asset Management was founded by Vivek Ramaswamy, co-leader of the US government's efficiency department DOGE.