Strive Asset Management, co-founded by Republican leader Vivek Ramaswamy, has taken a significant step into the cryptocurrency world by filing for a “Bitcoin Bond” exchange-traded fund (ETF) with the U.S. SEC.
The move marks a bold intersection of traditional finance and digital assets, signalling a transformative shift in the investment landscape.
A Bold Entry into Bitcoin ETFs
The actively managed Strive Bitcoin Bond ETF aims to provide exposure to Bitcoin indirectly through convertible securities issued by companies allocating significant resources to the cryptocurrency.
According to the SEC filing, Strive intends to invest at least 80% of the ETF’s notional exposure in “Bitcoin bonds” from firms like MicroStrategy, a prominent player in the crypto market.
MicroStrategy has garnered attention for its strategic adoption of Bitcoin as its primary Treasury reserve asset. Since 2020, the company has invested over $27 billion in cryptocurrency, which has propelled its share price by nearly 600% in the past year.
Leadership Driving Innovation
The fund will be managed by Matthew Cole, Strive’s CEO and Chief Investment Officer, along with portfolio managers Jeffrey Sherman and Randol Curtis, who also oversees Strive’s wealth management division.
The ETF represents Strive’s ambitious approach to aligning traditional investment strategies with the burgeoning cryptocurrency sector.
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Strive’s growth trajectory has been closely linked to Ramaswamy’s rising political and business profile. A vocal supporter of President-elect Donald Trump, Ramaswamy’s leadership has brought renewed attention to the firm, especially following Trump’s victory in the recent U.S. presidential election.
D.O.G.E.: A Department for Innovation
In another development, President Trump has appointed Vivek Ramaswamy and Tesla CEO Elon Musk to lead a newly created “Department of Government Efficiency” (D.O.G.E.). This department will focus on streamlining growth and development strategies during Trump’s second term.
Ramaswamy’s dual roles as a business leader and government official underscore his influence in shaping policies that intertwine financial innovation with economic growth.
Strive’s Vision for the Future
Strive Asset Management has positioned itself as a forward-thinking firm addressing global financial risks such as inflation, geopolitical tensions, and the fiat debt crisis.
By filing for the Bitcoin Bond ETF, Strive aims to lead the charge in combining traditional finance (tradfi) with cryptocurrency investments. This initiative is expected to draw investors seeking alternatives to conventional asset classes, offering them exposure to the growing adoption of Bitcoin within corporate treasuries.
The Bigger Picture
Strive’s move reflects the broader trend of institutional interest in digital assets, especially as Bitcoin continues to gain mainstream recognition.
With the support of influential leaders and innovative strategies, the firm’s ETF filing could pave the way for new financial products that blend established markets with blockchain technology.
As the regulatory landscape evolves, the success of Strive’s Bitcoin Bond ETF could set a benchmark for other firms exploring similar ventures. In the meantime, Strive’s entry into the Bitcoin ETF market highlights the increasing overlap between traditional financial instruments and the decentralized future envisioned by cryptocurrency enthusiasts.
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