Bitcoin Price Prediction As Trump-Backed Strive Seeks Approval for Bitcoin Bond ETF, And Traders Flock This V2E Crypto Before Its Launch
The Bitcoin price dropped 2.5% in the last 24 hours to trade at $96,059 as of 02:12 a.m. EST on trading volume that surged 24% to $47 billion. This comes as Strive, an asset manager founded by Vivek Ramaswamy, has asked United States regulators for permission to list an exchange-traded fund (ETF) investing in convertible bonds issued by MicroStrategy and other corporate Bitcoin buyers. The Strive Bitcoin Bond ETF will be actively managed and will gain exposure to “Bitcoin Bonds” either directly or through financial derivatives, such as swaps and options. Strive files for “Bitcoin Bond” ETF… Would seek exposure to convertible securities issued by MicroStrategy. pic.twitter.com/ybJjbVFWUN — Nate Geraci (@NateGeraci) December 26, 2024 Ramaswamy has been an outspoken ally of President-elect Donald Trump. He founded Strive in 2022 to help investors harness the power of capitalism. Industry analysts see Trump’s presidential win as a green li...