Key Takeaways
- Strive Asset Management filed for a Bitcoin Bond ETF with the SEC.
- The ETF offers exposure to MicroStrategy's convertible bonds.
- It also invests in U.S. Treasuries to provide liquidity and stability.
Strive Asset Management, led by Vivek Ramaswamy, has filed with the SEC to launch the “Strive Bitcoin Bond ETF.”
This fund aims to provide less volatile exposure to Bitcoin through convertible bonds and U.S. Treasuries, leveraging a potentially more favorable regulatory environment under the Trump administration.
Investment strategy
The ETF focuses on MicroStrategy’s convertible bonds, popular for their link to Bitcoin performance.
These bonds allow investors to benefit indirectly from Bitcoin’s growth while avoiding its direct volatility.
In addition, the ETF will hold U.S. government securities to ensure liquidity and balance its derivative positions.
Management commentary
Matt Cole, CEO of Strive Funds, emphasized the timing of the filing, citing a more Bitcoin-friendly regulatory outlook as digital assets gain traction in traditional finance.
Cole explained:
Our strategy focuses on vehicles best suited to capitalize on the current administration’s support for digital assets.
Fund objectives
The fund’s objective is to replicate Bitcoin’s returns without requiring direct ownership, making it an attractive option for risk-averse investors.
It also plans to invest in other Bitcoin-related financial instruments for diversification.
Market impact
Strive’s move reflects the growing integration of Bitcoin into mainstream investment strategies.
If approved, the Bitcoin Bond ETF could provide a model for future financial products bridging traditional and digital asset markets.
