Launch of First US Digital Credit ETF (DCAP) Targeting Bitcoin Treasury Companies

Key Facts

In a move reflecting the institutional expansion of digital asset products, Tuttle Capital and Strive Asset Management have launched the T-Strive Digital Credit Preferred Income ETF under the ticker DCAP. This fund represents the first US-listed actively managed ETF focused on structured credit from Bitcoin treasury companies. The fund aims to provide investors with current income by targeting preferred equity instruments issued by companies that utilize Bitcoin as a primary balance sheet asset.

The fund's strategy focuses on preferred securities of companies that maintain 5% or more of their assets in Bitcoin or Bitcoin-linked instruments. Per market data, the ASST stock (associated with Strive Asset Management) closed at $28.99 on September 23, 2026, with a daily range between $28.31 and $29.83. This launch introduces a novel link between traditional credit instruments and the Bitcoin ecosystem, offering investors indirect exposure to digital asset growth through preferred equity structures.

This launch follows recent economic indicators, including the Atlanta Fed GDPNow estimate of 5.1% reported on September 17, 2026. With ASST priced at $28.99 as of the September 23, 2026 close, traders will monitor the performance of the new DCAP ETF as a gauge for risk appetite in the digital credit sector. While the current calendar shows no immediate upcoming catalysts directly linked to this launch, market participants will watch for liquidity levels in these newly structured digital credit instruments.