Vivek Ramaswamy's Strive Asset Management plans to launch an exchange-traded fund (ETF) called the Strive Bitcoin Bond ETF. The ETF will invest in bonds issued by companies to fund Bitcoin purchases and will actively invest in bonds and use derivatives like swaps and options. MicroStrategy is highlighted as a key focus, as the company has invested over $27 billion in Bitcoin since 2020. Strive expects 80% of the ETF's exposure to come from "Bitcoin bonds" issued by companies like MicroStrategy. The ETF will be managed by Matthew Cole, with portfolio managers Jeffrey Sherman and Randol Curtis also involved. Vivek Ramaswamy is a biotech entrepreneur turned asset manager and critic of "woke capitalism."



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