Strive for asset management has asked US regulators introduce a new exchange-traded fund (ETF) focused on “Bitcoin bonds”.
According to a presentation On December 26, the ETF Invest in convertible bonds issued by companies like MicroStrategywho allocate large amounts of funds to Bitcoin
btc
$93,092.84
Founded in 2022 by Vivek Ramaswamy, known for his support of Donald Trump, Strive emphasizes Harness the power of capitalism to create financial opportunities..
Did you know?
Subscribe: We publish new cryptocurrency explainer videos every week!
What is polygon in Crypto? (Animated explanation)
The proposed fund actively manage your investments, gaining exposure to “Bitcoin Bonds” either directly or through derivatives such as swaps and options.
While Strive has not disclosed its management fees, actively managed ETFs They generally charge higher fees compared to passive funds.
Convertible bonds, such as those issued by MicroStrategy, typically They offer little or no interest, but can be converted into shares of the company under specific conditions.
Strive Bitcoin Bond ETF aims to take advantage of this growing trendoffering investors exposure to companies that have invested heavily in Bitcoin.
While Strive awaits regulatory approval for its Bitcoin bond ETF, other companies are also moving forward in the cryptocurrency investment sector. Franklin Templeton and Hashdex recently obtained SEC approval for their Bitcoin and Ethereum
ETH
$3,385.60
Having completed a master’s degree in Economics, Politics and Cultures of the East Asian region, Aaron has written scientific articles analyzing the differences between Western and collective forms of capitalism in the post-World War II era.
With almost a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that cryptocurrency enthusiasts face. He is a passionate analyst who cares about data- and fact-based content, as well as that which speaks to both Web3 natives and newcomers to the industry.
Aaron is the go-to person for all things digital currencies. With a strong passion for blockchain and Web3 education, Aaron strives to transform the space as we know it and make it more accessible to beginners.
Aaron has been quoted by several established media outlets and is a published author himself. Even during his free time, he likes to research market trends and look for the next supernova.
