Strive launches ETF to invest in preferred stocks of Bitcoin vault companies
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Strive launches T-Strive Digital Credit Preferred Income ETF, investing at least 80% of its assets in preferred stocks and related derivatives issued by Bitcoin Treasury Company. The initial allocation of the actively managed ETF mainly consists of Strategy's STRC preferred stock and Strike's SATA preferred stock, with roughly equal initial weights, and dynamically adjusted based on yield, valuation, liquidity, and financing environment. Funds can strategically leverage their preferred stocks when they break through, using total return swaps and selling put options at an acceptable price.