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Tuttle Capital and Strive Asset Management Launch the First US Digital Credit ETF $STRC and $SATA are among the two most liquid preferred equities issued to date. 18-month distribution reserves. Tax-advantaged distributions. Governance protections. Digital credit sits between traditional fixed income and common equity. T-Strive Digital Credit Preferred Income ETF - $DCAP - is built to own it. For more information, including risks and to view a prospectus, visit digitalcreditetfs.com Distributed by: PINE Distributors LLC @TuttleCapital | @Strive
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Matthew Tuttle retweeted
The Digital Credit Podcast Episode 3 with Guest Matthew Tuttle nitter.net/i/broadcasts/1yJAPwQWp…
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Matthew Tuttle retweeted
The Digital Credit Podcast continues tomorrow with guest Matthew Tuttle.
Made with AI
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Apples and oranges. Any type of duration is uninvestable IMO but if you use an option income etf don’t take out the entire ā€œyieldā€.
If you want to generate income, are you better off in a bond ETF or in a derivative income ETF? Option premium strategies are all the rage, but 5% on 10Y means bonds are finally putting up a fight. Answer is, it's not that simple. Some considerations here: etftrends.com/fixed-income-c… @ETFDb
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Matthew Tuttle retweeted
More products building on top of digital credit.
$STRC and $SATA are among the two most liquid preferred equities issued to date. 18-month distribution reserves. Tax-advantaged distributions. Governance protections. Digital credit sits between traditional fixed income and common equity. DCAP is built to own it. For more information, including risks and to view a prospectus, visit digitalcreditetfs.com Distributed by: PINE Distributors LLC
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The Digital Credit ETFs are coming.
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If you want to have fun compare the returns of the gold royalty companies to GDX. Way better business model than gold miners IMO
$GDX with a lower pullback low today. One of the few breakout trades that I cut early and flipped bullish to bearish in a matter of days.
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Property and casualty stocks are better. They are basically just a portfolio of bonds but unlike an active bond fund, the manager is managing to beat zero not a benchmark.
Keeping an eye on Active Bond MFs, which have trillions in assets and are vulnerable to rates going up. They live a charmed life, getting to play against the agg benchmark (The NY Jets of indexes) which helps them sidestep the passive takeover that is hollowing out active eq MFs. Their Achilles Heel tho is rates going up. Last time that happened it was big boy outflows. Watching $PIMIX and a few other giants for price declines triggering outflows, bc that means forced selling of bonds, which means rates go higher, which means NAV goes down, which means more outflows, you get the idea... Nothing to worry about yet, but worth watching.
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They could use someone who understands stocks also
Rick is leaving CNBC just as they desperately need someone who understands bonds
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Matthew Tuttle retweeted
Tuttle Capital Management (TCM) @TuttleCapital, together with sub-adviser Strive Asset Management (SAM)@Strive @Strivefunds, today announced the launch of the T-Strive Digital Credit Preferred Income ETF (CBOE BZX: DCAP), an actively managed, structured credit ETF that seeks current income by investing in preferred securities issued by Bitcoin treasury companies. ā€œDigital Credit is a young and developing market, and we've already seen meaningful periods of price dislocation that we believe reflect market inefficiencies," said Alex Xethalis, Head of Distribution at Strive Asset Management. "In normal markets, we expect DCAP to primarily own Digital Credit without leverage. But if substantial price declines create what we believe are attractive entry points, our institutional financing capabilities give DCAP the flexibility to deploy leverage opportunistically and buy into those dislocations. The goal is to generate excess returns over a simple buy-and-hold strategy by systematically taking advantage of those opportunities if they arise." Read the full press release here: Tuttle Capital and Strive Asset Management Launch the First US Digital Credit ETF ($DCAP) For more information, including risks and to view a prospectus, visit digitalcreditetfs.com
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JUST IN: Strive Asset Management just launched a new #Bitcoin-backed preferred-stock-focused income ETF under the ticker $DCAP. More liquidity and capital flows into $STRC and $SATA šŸ”„
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Could just buy both. Perhaps there’s an ETF for that. :)
Strategy built the blueprint for digital credit, Strive followed it, and right now Strive's product $SATA is the one holding par. Here's how Phong Le sees it:
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W wee I was in
Friends don’t let friends short Bitcoin.
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Matthew Tuttle retweeted
Tuttle and Strive Launch ETF Targeting Bitcoin Treasury Preferreds 🚨Get all #ETF industry alerts on etfshelf.com/etf-newswire Tuttle Capital and Strive Asset Management have launched the T-Strive Digital Credit Preferred Income ETF (DCAP), an actively managed fund seeking current income from preferred securities issued by Bitcoin treasury companies. The fund initially targets similar economic exposure to Strategy’s STRC and Strive’s SATA, through direct holdings and derivatives. At least 80% of net assets would provide exposure to qualifying preferreds. DCAP may add leverage following price declines and reduce it as prices recover, while selling cash-secured puts to generate premiums or acquire securities. The non-diversified strategy initially focuses on two issuers, including a sub-adviser affiliate, and does not invest directly in Bitcoin. @TuttleCapital | @TuttleCap | @StriveFunds
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Digital Credit in Plain English: It's not Bitcoin. It's not a bond. It sits somewhere in between. Preferred equity issued by Bitcoin treasury companies. Structured to seek current income without holding Bitcoin directly. That's digital credit. That's $DCAP - the T-Strive Digital Credit Preferred Income ETF. Now trading on @Cboe For more information, including risks and to view a prospectus, visit digitalcreditetfs.com Distributed by: PINE Distributors LLC @TuttleCapital | @Strive
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Matthew Tuttle retweeted
SEC Dive šŸ¤æšŸ—ƒļø; $DCAP an unconventional income ETF targeting the financing layer of #Bitcoin treasury companies rather than $BTC itself. Instead of holding spot #crypto or common equity, it buys into the preferred credit structure: • Core Assets: Concentrated in preferreds of corporate accumulators—principally @Strategy ( $STRC) and @Strive ( $SATA). - • Triple-Income Engine: Preferred dividends + writing cash-secured put options + tactical financing via total-return swaps. - • Contrarian Leverage: Prospectus allows borrowing when preferreds fall below par, deleveraging as they recover. - • Expense Ratio: 0.95% net (after fee waiver). The catch: This is not normal fixed income. You are stacking 2-issuer concentration, credit risk, and derivative exposure on top of Bitcoin volatility. If BTC crashes and corporate liquidity dries up, NAV takes the hit. Think picks-and-shovels credit for the Bitcoin corporate treasury era—strictly a high-beta satellite income trade, not a defensive bond proxy. 🧐 #etf #growth #portfolio #dividend #income #preferred #yield @YujinVasquez @maxconvexityman #options
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Great idea but we don’t tend to do politically uncomfortable
My latest memo discusses recent attempts to rein in long-dated government bond yields and why the only sustainable solution is responding to the underlying factors pushing interest rates up, even if politically uncomfortable. You can read it here: oaktreecapital.com/insights/…
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Matthew Tuttle retweeted
šŸš€ New ETF Listing on Cboe on Thursday Sept 24. • T-Strive Digital Credit Preferred Income ETF | $DCAP Fees: 0.95% Invests in preferred securities of Bitcoin treasury companies, and writes put for premium income. This may put the ETF in a position of catching falling knives, buying more stock as the puts get exercised. Thus the strategy stated in the prospectus is that the put strike prices will be at levels the manager deems acceptable to acquire more Bitcoin treasury pref shares. They even made a whole website for this ETF which at the time of tweeting was not yet running: digitalcreditetfs.com/ Prospectus: sec.gov/ix?doc=/Archives/edg… Listing notice circular: cboe.com/us/equities/notices… #ETF #Cboe strivefunds.com/ @Strive
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Not as concerned about the rate as I am the likely direction. More likely up than down. Bond math doesn’t work in your favor in that scenario
Oaktree Capital Management Co-Chairman @hmarksofficial urges perspective on interest rates: "These are not high rates," he says. "These are some of the lowest rates of the last 50 years." cnb.cx/4y8QIWn
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