Strive & Tuttle File for Bitcoin Treasury Preferred Stock ETF

• Strive and Tuttle Capital Management have filed with the SEC for a new leveraged product called the T-Strive Digital Credit ETF.
• The fund will trade on the Cboe under the ticker DGCR and focus on preferred equity from major Bitcoin treasury firms.
• Instead of holding Bitcoin directly, the ETF will use swaps and leverage to maximize income from STRC and SATA stocks.

Collaborative Investment Strategy

On Monday, the Bitcoin treasury firm Strive (ASST) and investment advisor Tuttle Capital Management submitted a filing to the U.S. Securities and Exchange Commission for the T-Strive Digital Credit ETF. The fund is designed to invest in preferred equity securities issued by leading corporate Bitcoin holders. Matthew Tuttle is named as the primary portfolio manager, while Strive Vice President Chris Nicholson will serve as the sub-advisor.

Focus on Preferred Equity Assets

The ETF's portfolio will center on two primary securities: Strategy Inc.’s STRC (Stretch) preferred stock and Strive’s SATA preferred stock. These instruments are used by the respective companies to raise capital for Bitcoin acquisitions while offering investors monthly dividends and price stability.

• STRC currently yields an 11.5% monthly dividend with a strike price near $100.
• SATA recently saw its dividend increased to 12.75%, targeting a price range of $99 to $100.

Strive has been aggressively expanding its balance sheet, reporting 13,310.9 BTC holdings as of March 11. This total includes 5,886 BTC from initial proceeds, 5,048 BTC from the acquisition of Semler Scientific, and 2,694 BTC from various capital market activities.

Fund Mechanism and Market Context

The DGCR ETF will not invest in Bitcoin directly. According to the prospectus, it will utilize financial derivatives such as swaps to amplify its exposure to the income generated by STRC and SATA. This leveraged approach is intended to enhance daily returns of the underlying securities through debt and derivatives.

Tuttle Capital Management continues to expand its footprint in the digital asset space, having previously launched funds tracking tokens like XRP and Solana, as well as infrastructure firms like Galaxy and Bitmine. The firm is also known for niche thematic products, including the UFO Disclosure ETF and the TopGun fund.