Strive Plans to Launch a Bitcoin Bond ETF

According to a recent SEC filing, Strive Asset Management has submitted a prospectus for a new ETF, called Strive Bitcoin Bond ETF. This ETF will primarily invest in convertible bonds issued by companies that plan to use the proceeds to purchase Bitcoin.

The proposal follows the news of MicroStrategy, a company that recently transformed into a Bitcoin-focused powerhouse and joined the Nasdaq-100.

The Strive Bitcoin Bond ETF aims to provide investors with exposure to “Bitcoin Bonds,” which are convertible securities that pay little to no interest but can convert to company shares under certain conditions.

Notably, MicroStrategy, which adopted Bitcoin as its treasury reserve in 2020, has spent billions on acquiring the cryptocurrency and has seen a significant increase in its stock value.