- Business
- Strive Small-Cap ETF (STXK) is a passively managed exchange-traded fund that seeks investment results corresponding to the performance of the smallest 600 corporations by market capitalization within the Bloomberg US 1500 Index, providing cost-efficient exposure to small-cap U.S. equities; the fund employs active corporate governance practices, including proxy voting and engagement with portfolio company managements and boards, to promote shareholder value maximization. Launched on November 10, 2022, and listed on the NYSE Arca exchange with CUSIP 02072L573 and an expense ratio of 0.18%, STXK declares dividends quarterly and had net assets of approximately $62 million as of mid-2025, with top holdings including NEXTracker Inc., Nebius Group NV, and Oshkosh Corp. The ETF forms part of the broader lineup offered by Strive Asset Management LLC, a subsidiary of Strive Enterprises, Inc., which manages over $2 billion in assets across sector-specific ETFs such as Strive U.S. Energy ETF (DRLL), Strive U.S. Semiconductor ETF (SHOC), Strive Total Return Bond ETF (STXT), and others focused on natural resources, total market, and fixed income strategies.
Strive Asset Management, headquartered in Columbus, Ohio following its founding in 2022, targets institutional and retail investors seeking ESG-agnostic, performance-oriented exposure to U.S. equities, energy, technology, bonds, and related sectors through ETFs, mutual funds, direct indexing, and wealth management services; the firm emphasizes meritocracy and shareholder primacy without incorporating environmental, social, or governance overlays in its core products. Operations span the United States via online brokerage distribution, with proxy voting records and governance engagements publicly disclosed for funds like STXK.
In recent developments, Strive Asset Management merged with Asset Entities Inc. in September 2025 to create the publicly traded Strive, Inc. (Nasdaq: ASST), incorporating Bitcoin holdings into its treasury strategy and securing a $750 million private investment in public equity (PIPE) financing at a 121% premium, supplemented by potential warrant exercises for up to $1.5 billion total; the firm announced a $500 million at-the-market (ATM) preferred stock program in December 2025 to fund Bitcoin acquisitions, income-generating assets, and general corporate purposes, holding approximately 7,525 BTC as of late 2025. Additional 2025 initiatives include spinning off its registered investment adviser arm into an independent entity, consolidating advisory services under model portfolios and a collective investment trust, launching direct indexing partnerships with Fidelity and Charles Schwab in 2024, relocating corporate headquarters to Dallas, Texas, acquiring Semler Scientific in a $1.3 billion all-stock deal to bolster Bitcoin treasury above 10,900 BTC, and planning a Bitcoin Bond ETF focused on corporate Bitcoin-issuing bonds. These strategic shifts position Strive as a pioneer in Bitcoin treasury management alongside its traditional ETF offerings like STXK.