Asset Management Firm Founded By Vivek Ramaswamy Seeks Regulatory Approval For Bitcoin Bond ETF

Strive
Asset
Management,
a
firm
founded
by
Vivek
Ramaswamy,
submitted
a

request
with
United
States
regulators
to
launch
an
exchange-traded
fund
(ETF)
to
provide
exposure
to
Bitcoin
bonds,
according
to
a
Dec.
26
filing.

The
Strive
Bitcoin
Bond
ETF
will
invest
in
bonds
issued
by
companies
such
as
MicroStrategy
and
other
corporate
Bitcoin
buyers.
Additionally,
the
fund
seeks
to
get
exposure
to
“convertible
securities
issued
by
MicroStrategy”
or
other
companies
that
plan
to
“invest
all
or
a
significant
portion
of
the
proceeds
to
purchase
Bitcoin,”
according
to
the
filing.

Strive
has
not
yet
disclosed
the
management
fees
for
the
Bitcoin
Bond
ETF.
However,
actively
managed
funds
have
higher
fees
than
passive
index
funds.

MicroStrategy’s
Bitcoin
Journey:
$27
Billion
Invested
Since
2020

Since
2020,
MicroStrategy
has
allocated
approximately
$27
billion
towards
its
Bitcoin
strategy.
MicroStrategy
has
financed
its
Bitcoin
purchases
by
issuing
new
stock
and
convertible
bonds.
Recently,
the
company

announced
issuing
11
billion
shares
to
boost
its
Bitcoin
buying
strategy.

Similarly,
other
companies
have
been
buying
Bitcoin,
with
corporate
treasuries
now
holding
more
than
$56
billion
worth
of
BTC,
according
to

BitcoinTreasuries.NET.

Vivek
Ramaswamy
Has
Connections
With
Donald
Trump
And
Elon
Musk

Ramaswamy
founded
Strive
in
2022,
an
asset
management
firm
that
helps
investors
“harness
the
power
of
capitalism.”

In
2023,
Ramaswamy,
who
earned
most
of
his
$1
billion
net
worth
through
founding
the
biotechnology
startup
Roivant
Sciences,
initially
campaigned
against
US
President-elect
Donald
Trump.
Later,
he
endorsed
the
incoming
President.

America-First
means
we
want
America
to
WIN.
Playing
for
second
place
doesn’t
cut
it.

https://t.co/ZsdMx4aRux

—
Vivek
Ramaswamy
(@VivekGRamaswamy)

December
25,
2024

Industry
analysts
believe
Trump’s
presidential
victory
signals
a
green
light
for
more
than
half
a
dozen
proposed
crypto
ETFs
awaiting
regulatory
approval
to
list
in
the
US.

Ramaswamy
has
also
teamed
up
with
Elon
Musk
as
a
leader
of
the
Department
of
Government
Efficiency,
a
private
initiative
for
cutting
wasteful
government
spending.

Related
Articles: