PANews reported on December 27 that according to Cointelegraph, according to documents filed on December 26, Strive, an asset management company founded by Vivek Ramaswamy, has applied to US regulators to list an ETF that will invest in Bitcoin convertible bonds issued by MicroStrategy and other companies. These bonds are called "Bitcoin bonds" and are convertible securities issued by MicroStrategy or other companies that plan to use the proceeds primarily to purchase Bitcoin. The Strive Bitcoin Bond ETF will be actively managed to access these "Bitcoin bonds" directly or through financial derivatives such as swaps and options. Although Strive has not yet clarified the management fees that investors need to pay, the fees of actively managed funds are generally higher than those of passive index funds.
Vivek Ramaswamy, an outspoken supporter of U.S. President-elect Trump, founded Strive Asset Management in 2022. In November, Trump announced that Ramaswamy would lead the Department of Government Efficiency (DOGE), a private initiative aimed at cutting wasteful government spending, along with Tesla founder Musk.
Earlier in November, it was reported that asset management company Strive established a wealth management department and included Bitcoin in its standard investment portfolio .
