Vivek Ramaswamy’s asset management firm, which he co-founded, has submitted a proposal for a Bitcoin Bond Exchange-Traded Fund (ETF) to the U.S. Securities and Exchange Commission (SEC). This submission was made in anticipation of Ramaswamy’s Republic party possibly returning to the White House starting from January 20th onwards.
According to the SEC submission, Strive Asset Management is seeking approval for a Bitcoin Bond Exchange-Traded Fund (ETF). If approved, this fund would provide conventional financial institutions with an opportunity to invest in Bitcoin through timely bond offerings. The ETF, assuming it gets the green light, will be available for trading on the New York Stock Exchange (NYSE).
The business intends to invest more than 80% of its holdings in Bitcoin bonds issued by companies, along with related financial instruments such as derivatives, swaps, and options linked to Bitcoin-oriented businesses. Additionally, this fund aims to provide regular weekly returns while functioning under the EA Series Trust system.
As blockchain technology and cryptocurrencies continue to gain traction, Strive Asset Management views Bitcoin as a significant and vital asset for navigating global economic uncertainties. The company points to inflation, ongoing geopolitical tensions, and the potential crisis in fiat currency debt as primary concerns that could lead to an economic downturn.
The Bitcoin Bond Exchange-Traded Fund (ETF) represents a daring move in the direction of incorporating digital assets into conventional investment structures. Unlike regular bonds, these Bond ETFs enable investors to buy and sell their bond shares on real-time markets at their own discretion. Through the introduction of Bitcoin Bond ETFs, Strive Asset Management seeks to tap into a substantial market segment in the increasing institutional acceptance of Bitcoin.
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2025-01-06 17:24