A new Bitcoin (BTC) move came from Vivek Ramaswamy, the co-chairman who supported Donald Trump during the election process and later managed the US Government’s Department of Productivity (DOGE) with Elon Musk.
Accordingly, Vivek Ramaswamy’s asset management firm Strive Asset has filed a new spot Bitcoin ETF application with the SEC.
The fund, called the “Strive Bitcoin Bond ETF,” aims to invest in convertible bonds of companies like MicroStrategy to buy Bitcoin.
The Strive firm said it estimates that at least 80 percent of the New York-listed ETF’s nominal exposure will be to “Bitcoin bonds” issued by MicroStrategy and other companies.
Strive announced last November the establishment of a new asset management unit that integrates Bitcoin into client portfolios.
As it is known, the SEC approved spot Bitcoin ETFs in January 2024. Accordingly, the SEC approved 11 spot bitcoin ETFs, including BlackRock, Vanguard, Franklin Templeton, Valkyre, Fidelity and Invesco.
This approval is seen as a turning point for the crypto market, and with Donald Trump’s new administration, altcoin ETFs such as Solana (SOL), XRP and Litecoin (LTC) are also expected to be approved, apart from Bitcoin and Etheruem.
*This is not investment advice.
Continue Reading: Bitcoin (BTC) Attack Came From DOGE Co-Chairman!
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Author: NixCoin
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