Strive, an asset management firm founded by Vivek Ramaswamy, filed an application with the United States Securities and Exchange Commission (SEC) to list an exchange-traded fund (ETF) that would invest in convertible bonds linked to bitcoin (BTC) .
This financial instrument, called “bitcoin bonds,” includes securities issued by MicroStrategy and other companies that use the proceeds primarily to acquire the leading digital currency.
He document presented by Strive details that the ETF will actively manage these bonds, allowing investors to access the bitcoin market through instruments such as swaps and options.
MicroStrategy, a company led by Michael Saylor, has been a pioneer in adopting bitcoin as a store of value, accumulating approximately 444,262 BTC to date.
The company has integrated this strategy since 2020, allocating resources to bitcoin as a mechanism against inflation and to diversify its financial balance.
Strive’s fund will seek exposure to these assets directly or through financial derivatives. Although the firm has not yet specified management fees, actively managed funds typically involve higher costs compared to passive index funds.
Ramaswamy and Musk lead DOGE
As reported by CriptoNoticias, Ramaswamy was chosen by the president-elect of the United States, Donald Trump, to lead the Department of Government Efficiency (DOGE), which bears the same name as the ticker of the dogecoin cryptocurrency.
This department that also has the businessman Elon Musk in its direction, has the task of reducing bureaucracy, optimizing regulations and restructure government agencies during the next administration.
A change that connects bitcoin and government
Strive’s proposal to launch a bitcoin bond ETF seek to enter the financial market by linking traditional investments with digital assets. At the same time, the appointment of Ramaswamy and Musk as head of the DOGE reflects a strategy to connect technological innovation with public policies.
If the SEC approves this ETF, Strive could open new doors for investors interested in bitcoin through convertible bonds, while the Trump administration works to redefine the structures of the federal government and relax regulations for the digital asset sector.
