Cryptocurrency innovation backed by leadership of Trump ally

Strive Asset Management, co-founded by Vivek Ramaswamy, is creating buzz with its latest Bitcoin filing (Bitcoin-dollar) ETFs. This actively managed fund revolves around bonds issued by companies like MicroStrategy (Nasdaq:MSTR), the software giant that has gone all-in on Bitcoin with over $27 billion invested since 2020. It is this bold move by KickerMicroStrategy that has seen its stock rise almost 600% in just one year. Strive’s ETF plans to capitalize on this momentum, allocating at least 80% of its theoretical exposure to these “bitcoin bonds,” with the goal of making significant gains without holding any actual bitcoin.

Strive’s ETF is not just any ordinary fund. It plans to use derivative instruments such as swaps and options to delve deeper into bitcoin-related securities while managing risks associated with the cryptocurrency’s wild volatility. If approved, the ETF will trade on the New York Stock Exchange, with Strive CEO Matthew Cole and portfolio managers Jeffrey Sherman and Randol Curtis. The buzz around this ETF comes as Strive’s profile has skyrocketed, especially after Ramaswamy was appointed to co-lead the new Trump administration for government efficiency.

This is not a solo act. Strive is backed by a strong team of investors, including Peter Thiel and… Bill Ackman (Deals, file), and is shaking up the investment world with bold, forward-looking cryptocurrency strategies. Whether you’re a Bitcoin believer or a cautious skeptic, this ETF signals a major shift in how traditional finance will embrace the future. Keep an eye on this moment, as it could be a pivotal moment for integrating Bitcoin into major wallets.

This article first appeared on Gorovox.