Strive 比特币债券 ETF：比特币投资的新途径

Strive Asset Management 推出了一款创新型 ETF，旨在通过非常规方式为投资者提供比特币投资机会。

Strive Asset Management is making a groundbreaking move by introducing a new ETF that will provide investors with exposure to Bitcoin through unconventional means. The Strive Bitcoin Bond ETF aims to offer a path to Bitcoin investment by focusing primarily on “Bitcoin Bonds,” specifically utilizing MicroStrategy’s holdings as the primary vehicle.

Strive Asset Management 推出了一款新的 ETF，这是一项突破性举措，该 ETF 将为投资者提供通过非常规方式投资比特币的机会。 Strive 比特币债券 ETF 旨在通过主要关注“比特币债券”，特别是利用 MicroStrategy 的持仓作为主要工具，为比特币投资提供一条途径。

The actively managed fund will dedicate a significant portion—at least 80%—of its assets to Bitcoin-related convertible securities and derivatives, such as swaps and options. The strategy will involve a calculated mix of direct securities and derivative instruments, with decisions influenced by factors like cost efficiency and potential returns. Additionally, the fund will reserve cash in short-term US Treasury securities and may diversify into other Bitcoin-centric investment channels.

该主动管理型基金将把其资产的很大一部分（至少 80%）专门用于与比特币相关的可转换证券和衍生品，例如掉期和期权。该策略将涉及直接证券和衍生工具的精心组合，其决策受到成本效率和潜在回报等因素的影响。此外，该基金将在短期美国国债中储备现金，并可能多元化至其他以比特币为中心的投资渠道。

Operating as a non-diversified entity, the ETF will concentrate its investments in select issuers, notably MicroStrategy, and place over 25% of its assets into companies within the software and technology sectors. Empowered Funds, LLC, will act as the fund’s adviser, employing a dynamic “manager of managers” approach that allows it to modify sub-advisers without the need for shareholder consent.

作为非多元化实体运营，该 ETF 将集中投资于选定的发行人，尤其是 MicroStrategy，并将超过 25% 的资产投资于软件和技术领域的公司。 Empowered Funds, LLC 将担任该基金的顾问，采用动态的“经理中的经理”方法，使其无需股东同意即可修改次级顾问。

Traded on the New York Stock Exchange, the ETF's holdings will be secured through the Depository Trust Company. Aiming to meet the standards of a regulated investment company, the ETF plans to distribute net investment income quarterly, with capital gains shared annually. It reserves the right to participate in securities lending up to a third of its assets and may invest up to 15% in non-liquid securities.

该 ETF 在纽约证券交易所交易，其持有的资产将通过存托信托公司获得担保。为了达到受监管投资公司的标准，该ETF计划每季度分配净投资收益，每年分享资本收益。它保留参与最多其资产三分之一的证券借贷的权利，并可投资最多 15% 的非流动证券。

The fund will seek to capture the growing demand among investors for alternative routes to Bitcoin exposure using novel financial instruments, by leveraging MicroStrategy’s innovative Bitcoin treasury strategy.

该基金将利用 MicroStrategy 的创新比特币金库策略，寻求利用新型金融工具来满足投资者对比特币投资替代途径日益增长的需求。