Strive and Tuttle file for ETF to invest in Strategy’s preferred STRC stock and Strive’s SATA
Strive and Tuttle Capital Management filed for a T-Strive Digital Credit ETF targeting preferred stocks of bitcoin treasury firms Strategy (STRC) and Strive (SATA).Summary
Strive, a major bitcoin treasury company, is partnering with ETF issuer Tuttle Capital Management to launch the T-Strive Digital Credit ETF, pending SEC approval. This new exchange-traded product aims to invest in the preferred equity securities of bitcoin treasury firms, specifically Strategy Inc.'s STRC and Strive's SATA. Both STRC and SATA are preferred stocks designed to raise funds for bitcoin acquisition by offering high monthly dividends intended to stabilize their prices. STRC currently pays an 11.5% monthly dividend, while SATA recently increased its dividend to 12.75%. The proposed ETF, which would trade on Cboe under the ticker DGCR, will not directly hold bitcoin but will use swaps and leverage to amplify income exposure to STRC and SATA. Matthew Tuttle will be the primary portfolio manager, with Strive's Chris Nicholson serving as sub-advisor.
(Source：The Block)