Vivek Ramaswamy’s Strive Asset Management is join the ETF bandwagon formally filing the Strive Bitcoin Bond ETF with the Securities and Exchange Commission (SEC). In a 475A filing filed on December 26, Strive aims to take advantage of the changing investment landscape favoring Bitcoin, digital assets and the blockchain.
According to the brochure Shared on the SEC website, the Strive team aims to offer investors access to MicroStrategy convertible funds. These funds are now popular thanks to a friendly political climate and the expected passage of friendly crypto regulations.
Strive’s main investment strategy is to allocate at least 80% of your funds to bitcoinand the rest in short-term money market instruments, such as US government securities.
The first of many planned Bitcoin solutions from Strive will democratize access to Bitcoin bonds, which are bonds issued by corporations to purchase Bitcoin. We believe these bonds provide attractive risk-return exposure to Bitcoin, however, they are not available for purchase by most… pic.twitter.com/F7oiKDuDb7
– Strive (@StriveFunds) December 26, 2024
Strive Takes Bold Step Towards Bitcoin-Centric Policy
Strive takes a bold investment step at a time when Bitcoin and digital assets are becoming more popular in the financial market. Leading the industry in Bitcoin adoption, Michael Saylor’s MicroStrategy has become the model for many up-and-coming investment houses looking to succeed.
Strive’s prospectus highlights its investment strategy that leverages the successes of MicroStrategy. A MicroStrategy-based Bitcoin investment thesis is now a popular model for many and helps Bitcoin continue to test the $100,000 level. Furthermore, there are also expectations that a Donald Trump presidency will be beneficial for the cryptocurrency niche.
Through its CEO, Matt Cole, Strive Funds has supported a Bitcoin strategy. In a recent statement, Cole explained that the company is exploring investments that will fit into the current Bitcoin and blockchain-friendly management.
In preparation for its involvement with Bitcoin ETF bonds, Strive has published a Bitcoin Handbook on its official website, which explains the basics, including history.
Apply for the “Bitcoin Bond” ETF…
I would seek exposure to convertible securities issued by MicroStrategy. pic.twitter.com/ybJjbVFWUN
– Nate Geraci (@NateGeraci) December 26, 2024
Strive Investments Bitcoin Bond ETF Strategy
According to its prospectus, the Strive Fund is an actively managed ETF whose team will invest its assets through derivative instruments, options and swaps to gain exposure to MicroStrategy 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 a benchmark, being the largest and most original Bitcoin treasury in the world. In short, Strive offers its investors the opportunity to invest and potentially earn with Bitcoin without owning it or even enduring its highly volatile nature.
In addition to direct investments in Bitcoin, the company intends to specialize in other Bitcoin-related products to diversify its portfolio.
Bitcoin and Blockchain continue to gain acceptance among businesses
Using MicroStrategy’s investments as a model, Strive joins other companies to test new investment strategies that fit current 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 by The Motley Fool, chart by TradingView
