Asset Management Firm Founded By Vivek Ramaswamy Seeks Regulatory Approval For Bitcoin Bond ETF
Strive Asset Management, a firm founded by Vivek Ramaswamy, submitted a request with United States regulators to launch an exchange-traded fund (ETF) to provide exposure to Bitcoin bonds, according to a Dec. 26 filing. The Strive Bitcoin Bond ETF will invest in bonds issued by companies such as MicroStrategy and other corporate Bitcoin buyers. Additionally, the fund seeks to get exposure to “convertible securities issued by MicroStrategy” or other companies that plan to “invest all or a significant portion of the proceeds to purchase Bitcoin,” according to the filing. Strive has not yet disclosed the management fees for the Bitcoin Bond ETF. However, actively managed funds have higher fees than passive index funds. MicroStrategy’s Bitcoin Journey: $27 Billion Invested Since 2020 Since 2020, MicroStrategy has allocated approximately $27 billion towards its Bitcoin strategy. MicroStrategy has financed its Bitcoin purchases by issuing new stock and conver...