Institutional adoption of Bitcoin (BTC) is rapidly increasing, highlighted by recent filings for bitcoin bond ETFs, including one to invest in MicroStrategy convertible securities. In 2024, numerous public companies began allocating Bitcoin to their treasuries, particularly following MicroStrategy's lead since 2020. Notable filings include Bitwise's proposed ETF focused on companies holding at least 1,000 BTC, and Strive Asset Management’s Bitcoin Bond ETF designed to provide exposure to MicroStrategy's convertible securities. Bitcoin's price has surged nearly 130% in 2024, approaching the $100,000 mark, with newly approved ETFs attracting over $36 billion in inflows and accumulating more than 1 million BTC. Strive's CEO emphasizes the advantages of investing in Bitcoin bonds, citing long-term risks associated with fiat currency. This trend underscores Bitcoin's escalating relevance in traditional financial discussions and investment strategies.

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