The asset management firm co-founded by Vivek Ramaswamy has filed for a Bitcoin Bond ETF to the U.S. Securities and Exchange Commission (SEC). The filing has come ahead of Ramaswamy’s Republic party coming back to the White House from 20th January onwards.
As per the SEC filing, Strive Asset Management has applied for a Bitcoin Bond ETF which will enable a number of traditional finance institutions to invest in Bitcoin via timely bonds. The ETF will go live for trading on the New York Stock Exchange (NYSE) if approved by the SEC.
The firm aims to allocate over 80% of its exposure to company-issued Bitcoin bonds, including derivatives, swaps, and options tied to Bitcoin-focused firms. The fund also plans to distribute income on a weekly basis while operating within the EA Series Trust framework.
While blockchain and crypto adoption is growing steadily, Strive Asset Management considers Bitcoin as an important and critical asset for managing global economic risks. The firm cites inflation, recent geopolitical instability, and the fiat debt crisis as key concerns regarding an economic turmoil.
The Bitcoin Bond ETF represents a bold step toward integrating digital assets into traditional investment frameworks. Unlike traditional bonds, Bond ETFs allow investors to freely trade their bond shares in live markets. With offering Bitcoin Bond ETFs, Strive Asset Management aims to capture a significant market in Bitcoin’s institutional adoption.
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