Tuttle and Strive Launch ETF Targeting Bitcoin Treasury Preferreds

Tuttle Capital and Strive Asset Management have launched the T-Strive Digital Credit Preferred Income ETF (DCAP), an actively managed fund seeking current income from preferred securities issued by Bitcoin treasury companies. The fund initially targets similar economic exposure to Strategy’s STRC and Strive’s SATA, through direct holdings and derivatives. At least 80% of net assets would provide exposure to qualifying preferreds. DCAP may add leverage following price declines and reduce it as prices recover, while selling cash-secured puts to generate premiums or acquire securities. The non-diversified strategy initially focuses on two issuers, including a sub-adviser affiliate, and does not invest directly in Bitcoin.