Strive, founded by Vivek Ramaswamy, is set to launch a new exchange-traded fund (ETF) aimed at investing in convertible bonds issued by MicroStrategy and other companies leveraging Bitcoin. This move could broaden investor access to "Bitcoin bonds" globally.
What Will the Bitcoin Bond ETF Offer?
The ETF focuses on so-called Bitcoin bonds, which are securities such as convertible bonds issued by MicroStrategy. These bonds allow companies to allocate a portion of their proceeds to purchasing Bitcoin. The Strive Bitcoin Bond ETF will be actively managed, meaning investments will be selected and adjusted based on current market conditions. Strive is also considering using financial derivatives such as swaps and options to maximize returns.
Management fees for the fund have not been disclosed yet. However, actively managed funds typically charge higher fees than passive funds, which may be a factor for potential investors to consider.

MicroStrategy: A Pioneer in Bitcoin Bonds
MicroStrategy, led by Michael Saylor, is renowned for its Bitcoin investment strategy. Since 2020, the company has purchased over $27 billion worth of Bitcoin, driving its stock (MSTR) up by more than 2,200%, a performance that surpasses most publicly traded firms except Nvidia. MicroStrategy financed these acquisitions by issuing a mix of shares and convertible bonds, which under certain conditions can be converted into MSTR shares.
Other companies have followed suit. According to BitcoinTreasuries.net, corporate treasuries now hold approximately $56 billion worth of Bitcoin.

Political Context and Trump Connection
Strive’s founder, Vivek Ramaswamy, has strong political ties to Donald Trump, which could influence the future development of ETFs in the U.S. Although Ramaswamy ran against Trump in the 2023 Republican primaries, he later endorsed him and became involved in initiatives focused on government efficiency.
Trump’s victory in the 2024 presidential election could signal greater support for crypto ETFs. The newly elected president has already proposed key crypto advocates for leadership roles, including David Sacks as the “AI and Crypto Czar” and Paul Atkins as Chairman of the Securities and Exchange Commission.
The Future of Crypto ETFs
Analysts predict that Trump’s presidency will bring significant support for the listing of various crypto ETFs, including funds focused on altcoins like Solana, XRP, and Litecoin. As a result, 2024 could become a landmark year for the crypto industry and its integration into traditional financial markets.

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Hotspot interpretation:
QCP: #MicroStrategy This week's increase#BTC is the smallest purchase in recent weeks, raising market doubts. MicroStrategy announced on Monday that it spent $561 million to purchase 5,262 bitcoins at a unit price of approximately $106,662, pushing the software company's total bitcoin holdings on its balance sheet to 444,262. But QCP analysts pointed out that "this is its smallest purchase in recent weeks, raising questions about its appetite for buying Bitcoin at current levels." In addition, analysts at QCP Capital pointed out in a report on Tuesday that at present, as 2024 draws to a close, #加密货币立场 's enthusiasm seems to be waning. As of Monday, spot Bitcoin#etf had been outflowing for three consecutive days.

XRP ETF: Could it trigger a new Ripple surge in 2025?

After Trump's victory in November, the #cryptocurrency market took off: during the month, #XRP rose 54.65% to $2.31, and its market capitalization reached $132.3 billion, or 270% quarter-on-quarter. Today, XRP is down 4% to trade at $4.25, but trading volumes are at record highs and the market is optimistic.
amid XRP's uptrend, the latest sensation is the recommendation to create an XRP #ETF . Leading cryptocurrency IRA platform iTrustCapital is evaluating its potential impact and how it could boost XRP. Following the approval of spot ETFs on #bitcoin and Ethereum earlier this year, XRP is now attracting attention, and several asset managers have filed applications to launch an XRP ETF
Bitwise took the lead and filed an S-1 filing with the SEC on October 2, 2024. Canary Capital, 21Shares and WisdomTree soon followed, with the latter filing on December 2 Grayscale Investments and Bitwise are also considering launching an ETF basket containing XRP, indicating a growing interest in tokenized investment products
iTrustCapital explained the benefits of XRP ETFs, focusing on two possible scenarios: ease of access and monitoring. These instruments provide greater investor protection by allowing investors to access XRP through traditional securities accounts while operating in unregulated financial markets. In addition, XRP ETFs are regulated assets with minimal risk.
However, there are notable drawbacks: ETFs have limited trading time, do not allow direct ownership of XRP, and are associated with tracking errors and high fees, which may reduce the interest of some investors.

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In 2024, XRP once again becomes the protagonist of the crypto market. From the soaring yield of the Grayscale XRP Trust to the rising hopes for ETFs, all signs indicate that XRP's future will be full of potential. With Trump's pro-crypto stance acting as a booster for the market, XRP investors are迎来 a unprecedented wave of institutionalization.

Grayscale XRP Trust: A massive gain of 300%, the biggest winner of the year!
Since its relaunch in September 2024, the performance of the Grayscale XRP Trust Fund has been legendary. Starting at $10.85 per share, it skyrocketed to $45.46 within a few months, bringing investors an astonishing 300% return. This is a visual feast in the crypto market this year and the best embodiment of institutional investors' confidence in XRP.

Share this article: share this article: U.S. stocks ended the year on a weak note, leaving investors worried as the S&P 500 index barely moved during a Santa Claus rally.

While investors were chasing artificial intelligence-focused funds, the second season of Netflix's "Squid Game" failed, causing shares of Korean companies associated with the series to plummet.
U. S. stocks came to a halt as investors questioned whether the traditional Santa Claus rally will take place. Investors are questioning whether the traditional Santa Claus rally will happen. This year, the windows for the rally are the last five days of December and the first two days of January.
the S&P 500 Index rose 1.1% on the first day, but quickly lost momentum, falling 0.04% on Thursday. Today's futures suggest another decline, with a 0.4% drop expected by the start of trading.
Historically, the Santa Claus rally has consistently boosted the market, with an average return of 1.3% since 1950 and a typical seven-day gain of 0.3, well above the average return of 1.3%. This phenomenon was first noted by Yale Hirsch in his "Stock Trader's Almanac" in the 1970s, and according to Adam Turnquist of
LPL Financial, bull markets at this time of year usually herald a larger rally. But so far, Santa Claus seems to be stuck in traffic.
even if the rally fails, the S&P 500 Index is poised for its biggest gain against global markets since 1997. The boom in artificial intelligence and optimism about the U. S. economy has not been without its shocks, but this year has been one of the best yet. Thematic ETFs that invest in specific trends, such as cloud computing and renewable energy, have suffered losses. About $6.5 billion flowed out of these funds in 2024, with the ARC Innovation #ETF alone losing about $3 billion. AI was the shiny new toy this year, but it sucked the oxygen out of the room.
Some investors are already chasing the next big thing.

cryptocurrencies didn't sit still either.

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