Crypto Innovation Backed by Trump Ally Leadership
Strive Asset Management, co-founded by Vivek Ramaswamy, is making waves with its latest filing for a Bitcoin (BTC-USD) Bond ETF. This actively managed fund is all about bonds issued by companies like MicroStrategy (NASDAQ:MSTR), the software giant that’s gone all-in on Bitcoin with over $27 billion invested since 2020. And here’s the kickerMicroStrategy’s bold move has sent its stock soaring nearly 600% in just a year. Strive’s ETF plans to tap into this momentum, allocating at least 80% of its notional exposure to these “Bitcoin bonds,” aiming for big wins without holding any actual Bitcoin.
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Strive’s ETF isn’t just your average fund. It plans to use derivative instruments like swaps and options to dig deeper into Bitcoin-related securities while managing risks associated with the cryptocurrency’s wild swings. If approved, the ETF will trade on the NYSE, with Strive’s top gunsCEO Matthew Cole and portfolio managers Jeffrey Sherman and Randol Curtisat the helm. The buzz around this ETF comes as Strive’s profile skyrockets, especially after Ramaswamy’s appointment to co-lead Trump’s new Department of Government Efficiency.
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This isn’t a solo act. Strive is backed by a powerhouse team of investors, including Peter Thiel and Bill Ackman (Trades, Portfolio), and it’s shaking up the investment world with bold, crypto-forward strategies. Whether you’re a Bitcoin believer or a cautious skeptic, this ETF signals a major shift in how traditional finance is embracing the future. Keep an eye on this oneit could be a pivotal moment for Bitcoin’s integration into mainstream portfolios.
This article first appeared on GuruFocus.
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