The U.S. launches its first "digital credit" ETF, DCAP, primarily investing in Strategy and Strive preferred shares.

TechFlow reports that on September 25, Tuttle Capital and Strive Asset Management announced the launch of the T-Strive Digital Credit Preferred Income ETF (DCAP). This actively managed ETF primarily invests in preferred shares issued by publicly listed companies holding Bitcoin as a balance sheet asset, without directly investing in Bitcoin.

Initially, DCAP will concentrate its allocation on two preferred stocks: Strategy's STRC and Strive's SATA, with roughly equal weightings.