According to The Block, Bitcoin treasury company Strive (NASDAQ: ASST) and ETF issuer Tuttle Capital Management have filed an application with the U.S. SEC to launch the "T-Strive Digital Credit ETF" (ticker: DGCR), planned for listing on the Cboe exchange. The ETF does not hold Bitcoin directly but invests in preferred shares issued by Bitcoin treasury companies through swaps and leverage instruments, primarily targeting Strategy’s STRC (monthly dividend of 11.5%) and Strive’s SATA (monthly dividend of 12.75%). Strive currently holds 13,310.9 BTC; the ETF’s management fee has not been disclosed, and Matthew Tuttle will serve as the primary portfolio manager.
Strive and Tuttle Capital Apply for Bitcoin-Linked Preferred ETF, Targeting STRC and SATA
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Summary
Strive (NASDAQ: ASST) and Tuttle Capital have filed with the SEC for the 'T-Strive Digital Credit ETF' (DGCR), targeting a listing on Cboe. The ETF will utilize swaps and leveraged instruments to invest in preferred shares issued by Bitcoin debt companies, with a focus on STRC and SATA. STRC offers monthly dividends of 11.5%, while SATA offers 12.75%. Strive holds 13,310.9 BTC. Technical analysis for crypto suggests that key support and resistance levels may shift with the introduction of this new product. Matthew Tuttle will manage the fund.
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