Strive Asset Management Proposes Bitcoin Bond ETF for Alternative Investment Exposure

Vivek Ramaswamy’s Strive Asset Management Proposes Bitcoin Bond ETF for BTC Exposure

Strive Asset Management, founded by Republican Vivek Ramaswamy and Anson Frericks in 2022, has taken a significant step towards bridging the gap between traditional finance (tradfi) and digital asset investments. The company is proposing the launch of a Bitcoin Bond Exchange-Traded Fund (ETF), which will allow investors to gain exposure to bitcoin through convertible securities issued by firms heavily invested in cryptocurrency.

The proposed ETF aims to allocate 80% of its notional exposure to bonds that are directly or indirectly linked to bitcoin, as well as permits concentrated investments. This investment strategy is expected to meet the standards set for regulated investment companies and distribute income quarterly if approved.

Strive Asset Management’s Bitcoin Bond ETF will list its shares on the New York Stock Exchange (NYSE) and maintain its holdings through Depository Trust Company (DTC), ensuring regulatory compliance.

The company’s bold entry into the bitcoin ETF space marks a significant milestone in bringing digital assets mainstream. By leveraging convertible securities, Strive positions itself as a pioneer in the evolving crypto investment landscape.

In an official statement, Strive emphasized the growing risks posed by global fiat debt crises, inflation, and geopolitical tensions. The firm asserts that there is no better long-term investment to hedge against these risks than thoughtful exposure to bitcoin.

Strive Asset Management’s bold move into the cryptocurrency space comes amidst a tumultuous time in global markets. Bitcoin has been gaining traction as a store of value, offering investors an attractive alternative to traditional assets amid market volatility and economic uncertainty.

Source: www.crypto-news.net