As a researcher with a background in finance and a keen interest in the intersection of technology and finance, I find this development by Strive intriguing. Having closely followed the crypto space since its inception, I have witnessed the meteoric rise of Bitcoin and its impact on various sectors, including corporate treasuries.
As a crypto enthusiast, I’m keeping tabs on the latest developments, and one exciting news is the application filed by Strive Asset Management, a company led by Vivek Ramaswamy, with U.S. regulators. They’re planning to introduce an Exchange-Traded Fund (ETF) that focuses on convertible bonds issued by companies like MicroStrategy, which have substantial investments in Bitcoin. This could potentially open up new opportunities for us crypto investors!
An actively managed ETF may buy bonds outright or employ financial instruments such as swaps and options for investment exposure. It’s worth noting that while Strive has not specified their fees, active funds generally tend to be more expensive compared to passively managed index funds.
Since the year 2020, under the guidance of its co-founder Michael Saylor, MicroStrategy has invested approximately $27 billion in Bitcoin. This investment was made using a combination of newly issued stocks and convertible bonds. The appeal of these convertible bonds lies in their low or non-existent interest rates, and the ability to transform into MicroStrategy shares under specific circumstances.
Just like other businesses, many corporations have jumped on the Bitcoin bandwagon, accumulating approximately $56 billion worth of it. Ramaswamy, an influential supporter of President-elect Donald Trump, established Strive in 2022 with the goal of empowering investors to capitalize on capitalism.
With Trump leaning towards a supportive cryptocurrency regulatory policy, experts predict the green light for numerous proposed cryptocurrency Exchange Traded Funds (ETFs). The potential approval of Strive’s Bitcoin Bond ETF might mark a significant milestone in the expansion of investment opportunities within the cryptocurrency sector.
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2024-12-27 09:56