Vivek Ramaswamy’s Strive Asset Management is making waves with the introduction of a new exchange-traded fund (ETF) aimed squarely at Bitcoin-linked corporate bonds. This inventive move is detailed in a recent regulatory filing and has caught the attention of market watchers and investors alike.
The Strive Bitcoin Bond ETF has been officially registered with the U.S. Securities and Exchange Commission. As outlined in the filing, the fund plans to actively invest in bonds from companies utilizing proceeds specifically for Bitcoin (BTC) acquisitions. Among its target companies, MicroStrategy stands out, particularly since it has invested over $27 billion in Bitcoin since 2020, and its share price has skyrocketed nearly 600% in 2024. This aggressive approach shows Strive’s commitment to tapping into the burgeoning crypto market.
Interestingly, Strive expects a staggering 80% of the ETF’s assets to be derived from what they term “Bitcoin bonds,” predominantly issued by MicroStrategy and other like-minded firms. This insight underlines a strategic focus that could appeal to investors eager to gain exposure to crypto without directly buying cryptocurrency.
Matthew Cole, who holds the position of chief executive at Strive, will lead this ETF, supported by a formidable team of portfolio managers, including Jeffrey Sherman and Randol Curtis. This trio aims to navigate the intricate waters of the bond market while weaving in the growing interest surrounding Bitcoin, all in a pursuit to reshape the investment landscape for crypto enthusiasts and traditional investors.
Ramaswamy, known for his stance against “woke capitalism,” co-founded Strive with the intention of prioritizing shareholder interests over political narratives. His venture into the cryptocurrency space indicates a fascinating convergence of traditional finance and modern cryptocurrency dynamics. In addition, he is making headlines outside of finance; following Donald Trump’s recent electoral victory, Ramaswamy is expected to spearhead a new government efficiency initiative alongside tech mogul Elon Musk.
This ETF development could likely resonate with many investors and industry followers, as it poses a fresh avenue for tapping into both corporate bonds and the future of digital assets. With Strive at the forefront of this venture, Ramaswamy’s aim to strategically blend asset management and cryptocurrency investment might just redefine how we think about bonds in a digital age.
