The United States Department of Government Efficiency (DOGE) leader Vivek's founded Strive Asset Management company has applied to list a "Bitcoin Bond" ETF.

BlockBeats News, December 27th, according to official sources, Strive Asset Management (founded by Vivek Ramaswamy, co-lead of the US government efficiency initiative DOGE) has applied to US regulators to list an exchange-traded fund (ETF) investing in a convertible bond issued by MicroStrategy and other companies.

The ETF aims to provide exposure to "Bitcoin Bonds," described as "convertible bonds issued by MicroStrategy or other companies," with these companies planning to "use all or most of the proceeds to purchase Bitcoin," as described in the documents.

The Strive Bitcoin Bond ETF will be actively managed and will obtain exposure to "Bitcoin Bonds" through direct investments or financial derivatives (such as swaps and options).