Strive Asset Management plans to launch an exchange traded fund investing in bonds issued by companies to pay for bitcoin investments, according to a regulatory filing.
The ETF manager, co-founded and majority-owned by Vivek Ramaswamy, a high-profile “anti-woke” ally of president-elect Donald Trump, has registered the Strive Bitcoin Bond ETF with the Securities and Exchange Commission.
The actively managed ETF will invest directly and indirectly through derivative instruments, including swaps and options, to get exposure to convertible securities issued by companies that Strive “expects will invest all or a significant portion of the proceeds to purchase Bitcoin”, according to the filing.