Vivek Ramaswamy’s Strive Targets BTC Exposure With Bitcoin Bond ETF Proposal

CN
1 day ago

The Bitcoin Bond ETF managed under the guidance of Strive Asset Management, LLC as a sub-adviser, is an actively managed fund crafted to invest in convertible securities from firms with a strong bitcoin focus. As part of the EA Series Trust, the ETF prioritizes bitcoin bonds—securities like swaps, options, and derivatives connected to organizations heavily invested in the leading cryptocurrency. Among its key investment targets is Microstrategy Incorporated, a well-known bitcoin heavyweight.

The ETF’s scope can theoretically extend to other bitcoin-driven enterprises such as RIOT, HUT8, EXOD, MARA, and SMLR. What adds even more intrigue is Strive’s backstory. The firm was established in early 2022 by Vivek Ramaswamy, a renowned Republican and former 2024 Presidential candidate, alongside Anson Frericks, founder of Athletic Capital. In recent developments, U.S. President-elect Donald Trump appointed Ramaswamy and Elon Musk to co-lead the newly created Department of Government Efficiency (DOGE), part of Trump’s “Save America” initiative.

The Strive Bitcoin Bond ETF plans to allocate at least 80% of its notional exposure to these specialized ‘bitcoin bonds.’ Its strategy allows for concentrated investments in individual issuers and can dedicate over 25% of its assets to the software and tech sectors. Pending approval, the ETF’s shares will be listed on the New York Stock Exchange (NYSE) and held via the Depository Trust Company. The fund is designed to meet regulated investment company criteria and will distribute income quarterly.

Strive’s bold move into the bitcoin ETF arena highlights the growing intersection of traditional finance (tradfi) and digital assets. By tapping into convertible securities and embracing innovation, the firm aims to position itself at the forefront of a rapidly evolving sector. With influential leaders steering its vision, Strive’s initiative could set a precedent for blending established investment strategies with cryptocurrency opportunities.

“Since our inception, Strive has called out the long-term investment risks caused by the global fiat debt crisis, inflation, and geopolitical tensions,” Strive stated on the social media platform X. “We strongly believe there is no better long-term investment to hedge against these risks than thoughtful exposure to bitcoin.

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