Vivek Ramaswamy Asset Management is Join the ETF bandwagon By officially filing the Strive Bitcoin Bond ETF with the Securities and Exchange Commission (SEC). In its 475A filing on December 26, Strive aims to capitalize on the changing investment landscape that favors Bitcoin, digital assets and blockchain.
According to Prospectus Shared on the SEC’s website, the Strive team aims to give investors access to MicroStrategy’s convertible funds. These funds are now very popular thanks to the friendly political climate and the expected passage of friendly regulations related to cryptocurrencies.
Strive’s primary investment strategy is to allocate at least 80% of its funds to BitcoinThe remainder is in short-term money market instruments, such as US government securities.
The first of several planned Bitcoin solutions from Strive will democratize access to Bitcoin bonds, which are bonds issued by companies 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
– StriveFunds (@StriveFunds) December 26, 2024
Strive is taking a bold step toward a Bitcoin-first policy
Strive is making a bold investment move at a time when Bitcoin and digital assets are becoming more popular in the financial market. Michael Saylor’s MicroStrategy, which leads the industry in Bitcoin adoption, has become a model for many up-and-coming investment houses looking to succeed.
Strive’s prospectus highlights its investment strategy that leverages MicroStrategy’s successes. The Bitcoin investment thesis based on MicroStrategy is now a popular model for many, and is helping Bitcoin continue to test the $100K level. In addition, there are also expectations that a Donald Trump presidency will be beneficial for the cryptocurrency sector.
Through its CEO, Matt Cole, Strive Funds has backed the Bitcoin strategy. In a recent statement, Cole explained that the company is exploring investments that fit the current Bitcoin and blockchain-friendly management.
In preparation for its participation in the Bitcoin ETF, Strive has published a Bitcoin primer on its official website, explaining the basics, including history.
Hard files for “Bitcoin Bond” ETFs…
You will seek exposure to convertible securities issued by MicroStrategy. pic.twitter.com/ybJjbVFWUN
– Nate Geraci (@NateGeraci) December 26, 2024
Bitcoin Bond ETF Strategy from Strive Investments
According to the prospectus, Strive’s Fund is an actively managed ETF and its team will invest its assets through derivative instruments, options and swaps to gain exposure to MicroStrategy’s convertible securities.
As part of its plan, the fund will invest at least 80% of its funds in Bitcoin. Strive, founded by Ramaswamy in 2022, uses MicroStrategy as its benchmark, being the world’s largest native Bitcoin treasury. In short, Strive offers its investors the opportunity to invest and potentially profit from Bitcoin without owning it or even enduring its highly volatile nature.
In addition to direct investments in Bitcoin, the company aims to specialize in other Bitcoin-related products to diversify its portfolio.
Bitcoin and Blockchain continue to gain acceptance among businesses
Using MicroStrategy Investments as a model, Strive is joining other companies to test new investment strategies that fit today’s financial developments.
Strive’s interest in Bitcoin ETFs will be supported by Ramaswamy’s background and closeness to the Trump administration. Ramaswamy has been appointed alongside Elon Musk to head a new agency called DOGE, which aims to boost government efficiency.
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