Strive Asset Management, co-founded by DOGE’s leader, Vivek Ramaswamy, has officially filed with the U.S. Securities and Exchange Commission (SEC) to launch its “Bitcoin Bond” ETF as per Watcher Guru. According to the sources, the main aim of this move is to provide strategic exposure to Bitcoin (BTC)-related companies through a mix of direct investments and derivatives.
Strategic Exposure to Bitcoin
The Strive BTC Bond EFT will target bonds issued by firms that have been known to be deeply associated with BTC such as MicroStrategy, which has invested over $27 billion in the cryptocurrency. With this move, the ETF seeks to capture value in the growing digital asset ecosystem.
Additionally, the fund will maintain liquidity by holding short-term assets, including U.S. treasuries and money market instruments.
ETF to be Listed on New York Stock Exchange
After the ETF is approved, it will be listed on the New York Stock Exchange (NYSE). With this listing the ETF will have to stick to the regulated investment standards and ensure that compliance is met as per the laws. Moreover, the funds are supposedly to be managed by by Matthew Cole, Jeffery Sherman and Randol Curtis, bringing experienced leadership to the table.
Strive Asset Management’s Bitcoin Bond ETF aligns with the company’s broader vision to hedge against global economic risks that include inflation, and fiat currency debt by strategically leveraging BTC‘s potential.
A New Investment Opportunity
The firm hopes that the ETF gains a prominent interest and attraction from individual and institutional investors that are looking for innovative ways to provide BTC exposure into their portfolio.
If this ETF is approved by the SEC, Strive Bitcoin Bond ETF will be taking a significant step that bridges traditional financial instrument with the world of cryptocurrency. This would indicate the growing confidence in BTC’s potential in the coming years.
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