Summary:
1. **Strive's ETF Filing**:
Strive, founded by Vivek Ramaswamy, has filed with U.S. regulators to list an exchange-traded fund (ETF) focusing on "Bitcoin Bonds," including convertible bonds issued by MicroStrategy and other companies investing heavily in Bitcoin.
2. **Investment Strategy**:
The proposed ETF will actively manage Bitcoin bond investments, using both direct purchases and financial derivatives like swaps and options. Management fees for the fund are yet to be disclosed.
3. **MicroStrategy's Role**:
MicroStrategy, led by co-founder Michael Saylor, has spent $27 billion on Bitcoin since 2020 as part of its treasury strategy. The company finances its Bitcoin acquisitions through convertible bonds and new stock issuance.
4. **Corporate Bitcoin Holdings**:
Companies holding Bitcoin in their treasuries now collectively own around $56 billion worth of BTC, as reported by BitcoinTreasuries.NET.
5. **Trump and Crypto Policies**:
Vivek Ramaswamy, previously a Republican presidential candidate and Trump ally, founded Strive. Following Trump's election victory in 2024, pro-crypto regulatory appointments have been announced, potentially accelerating the approval of crypto-focused ETFs.
6. **Broader ETF Trends**:
In 2024, asset managers filed applications for ETFs holding various altcoins like Solana, XRP, and Litecoin, signaling growing institutional interest in cryptocurrencies.
7. **Leadership Appointments**:
Trump has proposed David Sacks, former COO of PayPal, as his AI and crypto czar, and Paul Atkins, a former SEC commissioner, as the new SEC chair, emphasizing a pro-crypto regulatory stance.
8. **Market Impact**:
MicroStrategy's stock (MSTR) has surged by over 2,200% since adopting its Bitcoin-focused treasury strategy, outperforming most large public companies except Nvidia.
9. **Industry Implications**:
Analysts predict that Trump's presidency will likely facilitate the growth of crypto ETFs and broader cryptocurrency adoption in the U.S. financial system.
10. **Ramaswamy's Background**:
Besides Strive, Ramaswamy has a billion-dollar net worth from his biotech ventures and has recently joined Elon Musk's initiative to streamline government efficiency.
https://cointelegraph.com/news/trump-linked-strive-files-bitcoin-bond-etf
WBTM / WHAT BITCOIN TAUGHT ME ⚡️
npub1ja…tzrsl
2024-12-27 19:22:54
Author Public Key
npub1japy2cjly7e9hgzcxnaqul6ppmyskrvww63dxsxvyfqsjg90yxmsvtzrslPublished at
2024-12-27 19:22:54Event JSON
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"content": "Summary: \n\n1. **Strive's ETF Filing**: \n Strive, founded by Vivek Ramaswamy, has filed with U.S. regulators to list an exchange-traded fund (ETF) focusing on \"Bitcoin Bonds,\" including convertible bonds issued by MicroStrategy and other companies investing heavily in Bitcoin. \n\n2. **Investment Strategy**: \n The proposed ETF will actively manage Bitcoin bond investments, using both direct purchases and financial derivatives like swaps and options. Management fees for the fund are yet to be disclosed. \n\n3. **MicroStrategy's Role**: \n MicroStrategy, led by co-founder Michael Saylor, has spent $27 billion on Bitcoin since 2020 as part of its treasury strategy. The company finances its Bitcoin acquisitions through convertible bonds and new stock issuance. \n\n4. **Corporate Bitcoin Holdings**: \n Companies holding Bitcoin in their treasuries now collectively own around $56 billion worth of BTC, as reported by BitcoinTreasuries.NET. \n\n5. **Trump and Crypto Policies**: \n Vivek Ramaswamy, previously a Republican presidential candidate and Trump ally, founded Strive. Following Trump's election victory in 2024, pro-crypto regulatory appointments have been announced, potentially accelerating the approval of crypto-focused ETFs. \n\n6. **Broader ETF Trends**: \n In 2024, asset managers filed applications for ETFs holding various altcoins like Solana, XRP, and Litecoin, signaling growing institutional interest in cryptocurrencies. \n\n7. **Leadership Appointments**: \n Trump has proposed David Sacks, former COO of PayPal, as his AI and crypto czar, and Paul Atkins, a former SEC commissioner, as the new SEC chair, emphasizing a pro-crypto regulatory stance. \n\n8. **Market Impact**: \n MicroStrategy's stock (MSTR) has surged by over 2,200% since adopting its Bitcoin-focused treasury strategy, outperforming most large public companies except Nvidia. \n\n9. **Industry Implications**: \n Analysts predict that Trump's presidency will likely facilitate the growth of crypto ETFs and broader cryptocurrency adoption in the U.S. financial system. \n\n10. **Ramaswamy's Background**: \n Besides Strive, Ramaswamy has a billion-dollar net worth from his biotech ventures and has recently joined Elon Musk's initiative to streamline government efficiency. \n\nhttps://cointelegraph.com/news/trump-linked-strive-files-bitcoin-bond-etf",
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