Vivek Ramaswamy’s Strive Asset Management joins the ETF by officially filing the Strive Bitcoin Bond ETF with the Securities and Exchange Commission (SEC). In a 475A filing filed on December 26, Strive aims to capitalize on the changing investment climate in favor of Bitcoin, digital assets, and blockchain.
According to the prospectus shared on the SEC website, the Strive team aims to provide investors with access to MicroStrategy’s convertible funds. These funds are now popular due to the friendly climate and expected passage of friendly crypto regulations.
Strive’s main investment strategy is to allocate at least 80% of its funds to Bitcoin, with the rest to short-term money market instruments, such as US government securities.
Strive’s first multi-asset Bitcoin solutions will democratize access to Bitcoin bonds, which are bonds issued by companies to buy Bitcoin. We believe these bonds provide attractive exposure to Bitcoin, however they are not available for purchase by most… pic.twitter.com/F7oiKDuDb7
— Strive (@StriveFunds) December 26, 2024
Fight Takes 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’s MicroStrategy, leading the industry in Bitcoin adoption, has become a template for many startups looking to succeed.
Strive’s prospectus highlights its investment strategy that leverages MicroStrategy’s success. The Bitcoin thesis based on MicroStrategy is now a popular template for many, and it helps Bitcoin to continue testing the $100k level. In addition, there are also expectations that the presidency of Donald Trump will be beneficial to the crypto niche.
Through its CEO, Matt Cole, Strive Funds has backed the Bitcoin strategy. In a recent statement, Cole explained that the company is exploring investments that will match the current Bitcoin and blockchain-friendly management.
In preparation for its involvement with Bitcoin ETF bonds, Strive has published a Bitcoin Primer on its official website, explaining the basics, including history.
Fight for “Bitcoin Bond” ETF files…
It will seek exposure to convertible securities issued by MicroStrategy. pic.twitter.com/ybJjbVFWUN
— Nate Geraci (@NateGeraci) December 26, 2024
Strive Investments Bitcoin Bonds ETF Strategy
At its core, Strive’s Fund is an actively managed ETF whose team will invest its assets in derivatives, options, and swaps to gain exposure to MicroStrategy’s 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 its brand, which is the largest global company and the first Bitcoin treasury. In short, Strive offers its investors the opportunity to invest in and potentially benefit from Bitcoin without owning it or even tolerating its highly volatile nature.
In addition to direct Bitcoin investments, the company intends to specialize in other Bitcoin-related products to diversify its portfolio.
Bitcoin and Blockchain continue to gain acceptance among firms
Using MicroStrategy’s investments as a template, Strive joins other companies to explore new investment strategies that are relevant to today’s financial developments.
Strive’s interest in Bitcoin ETFs will be helped by Ramaswamy’s background and his closeness to the Trump administration. Along with Elon Musk, Ramaswamy was appointed to lead a new agency called DOGE, which aims to promote government efficiency.
Featured image from Motley Fool, chart from TradingView