Strive and Tuttle Capital Apply to the U.S. SEC to Launch a Bitcoin Preferred Stock ETF

GateNews
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Gate News update. On March 31, Bitcoin Treasury Company Strive (NASDAQ: ASST) and ETF issuer Tuttle Capital Management filed an application with the U.S. SEC to launch the "T-Strive Digital Credit ETF" (ticker: DGCR), which plans to be listed on the Cboe Exchange. This ETF does not directly hold Bitcoin; instead, through swaps and leverage instruments, it will invest in preferred shares issued by the Bitcoin Treasury Company. Its primary holdings are Strategy's STRC (monthly dividends of 11.5%) and Strive's SATA (monthly dividends of 12.75%). Strive currently holds 13,310.9 BTC. The ETF's management fee rate has not been disclosed yet, and Matthew Tuttle will serve as the lead portfolio manager.
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