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Vivek Ramaswamy’s Strive files for Bitcoin Bond ETF with the SEC

Asset management firm Strive, founded by Vivek Ramaswamy, has filed an application with the SEC to launch an ETF that invests in convertible bonds issued by companies like MicroStrategy that buy Bitcoin. The proposed ETF aims to give investors exposure to "Bitcoin Bonds" and will be actively managed by Strive. Analysts expect more crypto ETFs to be approved under Trump's administration. The concept of a Bitcoin Bond ETF is lucrative as it provides indirect exposure to the benefits of MicroStrategy's Bitcoin acquisitions, which have boosted its stock price by over 2,200%.

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