Vivek Ramaswamy's Strive Asset Management plans to target bitcoin-linked corporate bonds with its new exchange-traded fund.

Strive Asset Management, an asset and wealth management firm founded by Vivek Ramaswamy, is planning to launch a new company Exchange-traded fund Which will invest in bonds issued by companies to finance Bitcoin (Bitcoin) Purchases, Financial Times Reportsciting a regulatory filing.

The fund, called Strive Bitcoin Bond ETF, is registered with the US Securities and Exchange Commission. According to the regulatory filing, the ETF will actively invest in bonds and use derivatives such as swaps and options. The report stated that these investments will target companies that use bond proceeds to buy Bitcoin.

Deposit indicates Accurate strategy As a key focus, noting that the company, founded by Michael Saylor, has invested more than $27 billion in Bitcoin since 2020. MSTR's stock price is up nearly 600% in 2024.

Strive expects 80% of ETF exposure to come from “bitcoin bonds” issued by MicroStrategy and similar companies. The ETF will be managed by Matthew Cole, CEO of Strive. He will be joined by portfolio managers Jeffrey Sherman and Randol Curtis, according to the report.

Ramaswamy is a biotech entrepreneur turned asset manager and an outspoken critic of “woke capitalism.” He co-founded Strive Asset Management to advance shareholder priorities over political agendas. Ramaswamy is also set to lead the government's new efficiency department Donald TrumpAlong with Elon Musk, following Trump's victory in the recent US presidential elections.