TechFlow reported on December 27 that, according to Cointelegraph, Strive Asset Management—a firm founded by Vivek Ramaswamy—has filed an application with the U.S. SEC to launch a listed exchange-traded fund (ETF). This fund will invest in convertible bonds issued by MicroStrategy and other companies involved in bitcoin.
"Bitcoin bonds" are defined as "convertible securities issued by MicroStrategy" or similar companies that plan to "invest all or most of their proceeds into purchasing bitcoin."
Strive stated that the Strive Bitcoin Bonds ETF will be actively managed and will gain exposure to "bitcoin bonds" directly or through financial derivatives such as swaps and options. Strive has not yet disclosed the management fees it will charge investors, although actively managed funds typically have higher fees than passive index funds.
