Key Takeaways:

Strive Asset Management, linked to Vivek Ramaswamy, has filed for a Bitcoin Bond ETF focused on convertible securities tied to Bitcoin-heavy firms like MicroStrategy.
The actively managed ETF aims to gain exposure to Bitcoin bonds via direct holdings or derivatives, though fee details remain undisclosed.
Trump’s presidency could accelerate crypto adoption, with pro-crypto leadership and anticipated approval of new ETFs for altcoins and Bitcoin-related products.

Strive Asset Management, founded by entrepreneur Vivek Ramaswamy, has filed with U.S. regulators to launch a Bitcoin-focused exchange-traded fund (ETF).

Submitted on December 26, the proposal outlines the creation of the Strive Bitcoin Bond ETF, which will invest in “Bitcoin Bonds.”

Strive files for “Bitcoin Bond” ETF…

Would seek exposure to convertible securities issued by MicroStrategy. pic.twitter.com/ybJjbVFWUN
— Nate Geraci (@NateGeraci) December 26, 2024

These are convertible securities from companies like MicroStrategy that allocate significant funds to Bitcoin purchases.

The fund aims to achieve exposure through direct holdings or derivatives, such as swaps and options, and will be actively managed, though exact fees remain undisclosed.

Ramaswamy, a Trump ally and advocate for capitalism-driven innovation, founded Strive in 2022.

Although he initially opposed Trump in the 2023 Republican primary, he later endorsed him and co-headed the Department of Government Efficiency (DOGE), a private effort to reduce wasteful spending.

Trump’s presidency has spurred optimism in the crypto industry, with expectations of accelerated ETF approvals and increased adoption of altcoins like Solana and XRP.

His pro-crypto stance includes nominating industry-friendly leaders, such as former PayPal COO David Sacks for “AI and crypto czar” and Paul Atkins as SEC chair.

Strive’s ETF filing aligns with this momentum, highlighting the intersection of politics and crypto-focused financial innovation.