This Bitcoin ETF doesn’t invest directly in Bitcoin! How come?

Jakarta, Pintu News – Strive, a Bitcoin treasury company, is launching a new approach to crypto investment through the launch of an ETF called T-Strive Digital Credit (DGCR). Unlike typical Bitcoin ETFs, this product does not invest directly in Bitcoin, but rather in yield-generating instruments from Bitcoin holding companies.

The ETF was developed with Tuttle Capital Management and filed with the SEC on March 30, 2026. This approach reflects a change in strategy on Wall Street, from simply “HODL” to a search for yield based on crypto assets.

No Direct Investment into Bitcoin

Instead of buying Bitcoin directly, the DGCR ETF focuses on preferred shares of companies that have a large exposure to Bitcoin, such as:

• Strategy Variable Rate Series A Perpetual Preferred Stock (STRC)
• Strive, Inc. Variable Rate Series A Perpetual Preferred Stock (SATA)

These instruments are designed to provide regular income to investors, unlike Bitcoin, which does not generate yield directly.

Also Read: 3 Bitcoin Signals: Rp1.02 Billion Can Be Tested Again, When is Bitcoin ATH?

New Risks Behind Yield Strategy

While offering potential returns, this approach carries additional risks. An ETF’s performance is not entirely dependent on the price of Bitcoin, but rather on the performance of the underlying companies and stock instruments.

Meaning:

• If Bitcoin price stabilizes, ETFs may not go up
• If stocks like STRC or SATA go down, the ETF is also affected
• Correlation to Bitcoin becomes indirect

For example, shares of Strive (ASST) fell by around 4.92%, showing the volatility that can affect ETFs.

ETF Competition Gets Tighter

The launch of DGCR comes amid intense competition for crypto ETF products. Large institutions like Morgan Stanley are also coming up with low-cost ETF products to rival players like BlackRock.

This indicates that the crypto ETF market is growing, with a variety of strategy innovations-from direct exposure to yield-based approaches like DGCR.

Conclusion

Strive’s DGCR ETF offers a new approach to crypto investing with a focus on yield rather than direct ownership of Bitcoin. While this opens up diversification opportunities, it also presents additional risks due to its reliance on company performance rather than BTC price.

For investors, it is important to understand that not all crypto ETFs provide direct exposure to Bitcoin, and yield-based strategies can have different risk profiles.

Also Read: 3 XRP Signals Quietly Bought: Price of IDR 22,000 Can Explode?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• AMBCrypto. Strive’s DGCR ETF is chasing yield, not Bitcoin – Here’s why! Accessed on April 2, 2026