# DCAP ETF Starts Trading With Focus on Strategy, Strive Preferreds

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/23737
Published: 2026-09-24T13:39:12.000Z
Updated: 2026-09-24T13:39:12.000Z

The T-Strive Digital Credit Preferred Income ETF began trading Sept. 24 on the Cboe BZX Exchange, giving U.S. investors a fund focused on preferred securities issued by Bitcoin treasury companies.

Trading under the ticker DCAP, the actively managed ETF expects to concentrate on Strategy Inc.’s Variable Rate Series A Perpetual Stretch Preferred Stock, known as STRC, and Strive Inc.’s Variable Rate Series A Perpetual Preferred Stock, known as SATA. The fund is expected to maintain similar economic exposure to both securities, although its adviser may overweight or underweight either position.

DCAP seeks current income. Under normal conditions, at least 80% of its net assets plus investment borrowings must be invested in preferred securities issued by Bitcoin treasury companies or in derivatives providing related exposure.

Tuttle Capital Management is the adviser, while Strive Asset Management is the sub-adviser. Annual operating expenses are listed at 1.05%, with a contractual fee waiver reducing them to 0.95%.

The fund’s strategy remains tied to companies whose finances and securities are exposed to Bitcoin-related market conditions. SATA’s dividends are variable and may change based on issuer decisions and market conditions.