Tuttle Capital and Strive Asset Management Launch the First US Digital Credit ETF (DCAP)
* Tuttle Capital Management (TCM), together with sub-adviser Strive Asset Management (SAM), today announced the launch of the T-Strive Digital Credit Preferred Income ETF (CBOE BZX: DCAP), an actively managed, structured credit ETF that seeks current income by investing in preferred securities issued by Bitcoin treasury companies. * The Fund invests in Digital Credit preferred equity instruments issued by companies that hold Bitcoin as a balance sheet asset. The Fund intends to use tactical leverage, total return swaps, and written put options as part of its strategy to strategically leverage the fund when the Digital Credit instruments trade below par. * The Fund invests principally in two preferred securities: Strategy Inc.'s Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) and Strive, Inc.'s Variable Rate Series A Perpetual Preferred Stock (SATA), allocated roughly equally between the two.
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