According to recent reports from COINOTAG on December 27th, Strive Asset Management has submitted an application to US regulators for an exchange-traded fund (ETF) focused on convertible bonds issued by MicroStrategy and other firms. The proposed ETF seeks to tap into the burgeoning market of Bitcoin Bonds, which are convertible bonds that companies are issuing specifically for the purpose of acquiring Bitcoin. These companies are committed to deploying the bulk of the proceeds from these bonds to strategically invest in Bitcoin.
The Strive Bitcoin Bond ETF promises active management, allowing it to navigate the complexities of this niche sector. The fund aims to achieve exposure to these bonds through direct investments and various financial instruments such as swaps and options. This initiative could potentially reshape the landscape for institutional investment in cryptocurrencies, emphasizing a structured approach toward Bitcoin exposure through traditional financial instruments.
Source: https://en.coinotag.com/breakingnews/strive-bitcoin-bond-etf-a-new-investment-opportunity-in-bitcoin-bonds-by-strive-asset-management/