Strive, an asset management firm founded by Vivek Ramaswamy, has filed with the SEC to launch an ETF investing in "Bitcoin Bonds"—convertible bonds issued by companies like MicroStrategy to buy Bitcoin. The ETF aims to give investors exposure to Bitcoin through these bonds, using direct investments or financial products like swaps and options. Ramaswamy, also involved in the Department of Government Efficiency (DOGE), has sparked market volatility due to the name's similarity to the meme coin. Industry analysts anticipate more crypto ETF approvals under the Trump administration, with recent approvals from Hashdex and Franklin Templeton. Strive's ETF could offer retail investors a unique way to gain Bitcoin exposure. MicroStrategy's aggressive Bitcoin purchases have driven its stock price up by over 2,200% since 2020, with significant gains in 2024, reflecting Bitcoin's bullish performance. #Strive #BitcoinBonds #ETF #MicroStrategy #Crypto #Investment
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