Strive Says 'Hold My Beer' – New ETF Picks Yield Over HODL

The HODL narrative just got a plot twist. Strive – yes, the 10th-ranked public Bitcoin treasury company – has filed for a T-Strive Digital Credit (DGCR) ETF with the SEC, and it's taking the scenic route.

Filed on March 30 in cahoots with Tuttle Capital Management, this ETF won't be directly buying Bitcoin like the other kids on the block. Instead, it's going after companies that already hold large amounts of the orange coin – specifically Strategy's Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) and Strive's own Variable Rate Series A Perpetual Preferred Stock (SATA).

In short: dividend checks over diamond hands.

But here's the thing – it's not all smooth sailing. The DGCR's performance is directly tied to how STRC and SATA perform. If those perpetual stocks take a dip, so does the ETF. No pressure.

For context, Strive's ASST was trading at $9.37 after a 4.92% drop. Meanwhile, Strategy's STRC was hanging tough at $99.97 after a modest bump, and SATA was sitting pretty at $99.43. Over the last six months, SATA's up over 12%, while STRC's barely moved with a 2.99% gain.

All this is going down while the ETF race is already heating up – Morgan Stanley's MSBT is even trying to undercut BlackRock's IBIT with a