Vivek Ramaswamy-Backed Strive Plans Bitcoin Credit ETF Tied To MSTR, ASST Preferred Shares

• The ETF plans to invest in securities such as Strategy’s STRC and Strive’s SATA preferred shares.
• The fund is a joint initiative between Tuttle Capital and Strive, focused on a “digital credit” segment within crypto-linked markets.
• The filing highlighted risks including leverage, Bitcoin price volatility, credit exposure, and liquidity constraints.

Vivek Ramaswamy-backed Strive Inc. (ASST) said Monday that its subsidiary will serve as a sub-adviser for the proposed T-Strive Digital Credit ETF (DGCR), which intends to invest primarily in preferred shares of Strategy (MSTR) and Strive used to fund the purchase of Bitcoin (BTC). 

The proposal filed with the Securities and Exchange Commission (SEC) showed that DGCR’s core holdings would include  Strategy’s Variable Rate Series A Perpetual Preferred Stock (STRC) and Strive’s Variable Rate Series A Perpetual Preferred Stock (SATA).

ASST’s stock edged 0.6% higher in morning trade, with retail sentiment around the company trending in ‘bearish’ territory over the past day on Stocktwits, down from ‘bullish’ last week.

 

Meanwhile, MSTR’s stock rose around 1% in morning trade and also saw retail sentiment trending in the ‘bearish’ zone over the past day, down from ‘neutral’ a week ago. Bitcoin’s price recovered to around $67,200, up about 1% in the last 24 hours, after dipping as low as $65,100 in intraday trade.

A New ETF Targeting Bitcoin-Linked Credit

The filing showed that the new fund is a joint venture between Tuttle Capital and Strive, positioning DGCR as the first purpose‑built ETF for the “digital credit” niche. The move also ties the ETF into Strive’s broader push to build a yield‑stack around Bitcoin‑treasury companies and their preferred‑equity instruments.

The documentation said that the fund may use leverage to boost exposure to income‑generating preferred securities or to support active portfolio reallocating as credit profiles and Bitcoin‑treasury dynamics shift. It also cited leverage-related amplification as one of the key risks facing the proposed fund, alongside Bitcoin price volatility, credit risks, and market liquidity. 

ASST’s stock has fallen nearly 35% this year, while Bitcoin’s price is down around 23%, and MSTR’s stock has lost 18%. 

Read also: Bitcoin Recovers From $65,000 – Analysts Warn Rally May Be Short-Lived

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