Michaela Alvez
Strive, an asset management company, has sought approval from the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) focused on investing in convertible bonds issued by MicroStrategy and other major corporate Bitcoin holders.
Strive, founded in 2022 by Republican politician Vivek Ramaswamy, has quickly positioned itself as a prominent player in the financial sector over the past years.
A December 26 filing revealed that its proposed Bitcoin Bond ETF will operate as an actively managed fund. The ETF aims to gain exposure to “Bitcoin Bonds” through direct investments or via financial instruments like swaps and options, providing a diverse approach to capitalizing on Bitcoin-linked corporate debt.
The firm has not yet disclosed the management fee for its proposed Bitcoin Bond ETF. However, actively managed funds, which require more hands-on oversight, generally impose higher fees compared to passive index funds. This approach aligns with Strive’s broader strategy of offering specialized investment products tailored to market trends.
ETFs On The Rise
Bloomberg ETF analyst Eric Balchunas forecasted a “wave” of cryptocurrency ETFs in 2025. Soon after his prediction, news broke of the SEC approving the first-ever dual Bitcoin and Ethereum ETFs from Hashdex and Franklin Templeton.
The approvals were granted following amended filings, with both firms’ trust structures and operational terms aligning closely with those of previously approved spot Bitcoin and Ether exchange-traded products (ETPs) under earlier SEC rulings.
Balchunas and fellow Bloomberg ETF analyst James Seyffart predicted that ETFs tracking additional cryptocurrencies, like Litecoin or Hedera, could soon receive approval following the success of Bitcoin and Ether-based funds.
Strive’s proposed Bitcoin Bonds ETF may provide retail investors with a distinct financial product and offer a new avenue for exposure to Bitcoin.
Read More
- SEC Reportedly Rejects Solana ETF Applications, Stalling Crypto’s ETF Expansion
- Grayscale Investment’s Next Move: A Spot Solana ETF?
- Bitwise Files for Bitcoin-Ethereum ETF With SEC, Plans NYSE Launch
Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
