New ETF Targets High Yields Through Digital Credit
ETF issuer Tuttle Capital Management and Bitcoin treasury firm Strive have filed an application with the U.S. Securities and Exchange Commission to launch the 'T-Strive Digital Credit ETF' (DGCR). The proposed fund plans to trade on the Cboe exchange and will use a strategy of swaps and leverage to invest in the preferred stocks of companies holding significant Bitcoin treasuries, such as Strategy Inc. and Strive itself.
This structure aims to generate high yields for investors without direct ownership of Bitcoin. A key component of the fund will be Strive's own preferred stock product, SATA, which has delivered a 12.75% yield to its investors. The filing signals a growing demand for sophisticated, income-oriented products within the digital asset space.
Strategy Shifts to Monthly Income from Price Speculation
The DGCR ETF is designed to provide investors with periodic, likely monthly, income payments. This model marks a significant departure from existing spot Bitcoin ETFs, which are primarily focused on tracking the price appreciation of the underlying asset. By investing in preferred shares, the fund offers exposure to the crypto economy through a debt-like instrument that provides a predictable income stream.
This strategy is central to Strive's business model, which has pivoted towards Bitcoin treasury management. As of March 2026, the company held over 13,000 Bitcoin and is focused on developing yield-generating strategies from its holdings. The partnership pairs Strive's crypto expertise as sub-advisor with Tuttle Capital's established ETF issuance and management capabilities, potentially appealing to both traditional and crypto-native investors seeking stable cash flow.
Innovation Persists as Spot ETFs Face $171M Outflow
The proposal for this new credit-based ETF arrives as the broader spot Bitcoin ETF market shows signs of cooling. On a recent Thursday, U.S. spot Bitcoin ETFs recorded their largest single-day net outflow in three weeks, totaling $171 million. This investor pullback, driven partly by geopolitical risk and a Bitcoin price decline of 4.7% over the past week, highlights the market's sensitivity to macroeconomic factors.
The simultaneous emergence of income-focused products like DGCR demonstrates the maturation of the crypto financial landscape. While spot ETFs grapple with market volatility and investor sentiment shifts, firms are actively developing next-generation funds that offer alternative exposure and different risk-return profiles, aiming to attract a wider range of capital.
