
Bitcoin Meets Bonds: Ramaswamy’s Strive Asset Management Files With SEC
In a recent development, Strive Investments, founded by Ramaswamy in 2022, has filed with the Securities and Exchange Commission (SEC) for its new ETF strategy. This move comes as a surprise to many in the crypto space, as it represents a significant step towards mainstream acceptance of digital assets.
According to reports, Strive’s new fund will focus on offering exposure to convertible securities issued by MicroStrategy, which is known for being one of the earliest and largest institutional investors in Bitcoin. By doing so, the company aims to provide its investors with an opportunity to gain exposure to Bitcoin without actually owning it or directly experiencing its notorious volatility.
The proposed ETF strategy is designed to allow Strive to invest at least 80% of its assets in Bitcoin, effectively giving investors a way to participate in the growth of the digital asset without having to purchase and hold it individually.
Source: bitcoinist.com