Tuttle Capital and Strive Asset Management Launch the First US Digital Credit ETF (DCAP)
Tuttle Capital and sub-adviser Strive Asset Management launched the T-Strive Digital Credit Preferred Income ETF (DCAP), an active fund buying preferred securities issued by Bitcoin treasury companies. At inception, DCAP expects to allocate roughly equally between Strategy Inc.'s STRC and Strive, Inc.'s (ASST) SATA preferred stock, tying returns to issuer credit rather than Bitcoin's price directly. The launch creates a dedicated buying channel for ASST's SATA preferred, but Strive, Inc.
Key figures
- Sam aum
- $3B
- Expense ratio net
- 0.95%
- Management fee cap
- 0.65% through September 30, 2027
- Expense ratio gross
- 1.05%
- Nondiversified concentration
- 25%+ of assets in Bitcoin treasury company exposure
AI analysis
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