Strive, an investment company founded by Vivek Ramaswamy, has applied to U.S. regulators to launch a new ETF called "Bitcoin Bond." This fund will invest in convertible bonds of MicroStrategy and other companies using the raised funds to purchase bitcoin.
The ETF will be actively managed, giving investors access to "bitcoin bonds" either directly or through financial derivatives such as swaps and options. MicroStrategy, the largest corporate holder of bitcoin, uses similar bonds to finance its cryptocurrency acquisitions, which has made its shares one of the most successful on the market.
Experts believe that the launch of such an ETF may contribute to the growth of interest in bitcoin as an investment instrument among institutional investors, especially against the background of changes in US regulatory policy.