Michael Saylor-Fueled Crypto Complex Gets Bigger With Debt ETF

By courting retail daredevils and opportunistic hedge funds alike, Michael Saylor has outwitted his Wall Street skeptics to build up a Bitcoin empire, helping create a whole new crypto-investment complex along the way.

Now that complex is set to grow again. On Friday, a convertible-bonds exchange-traded fund launches focused on companies like Saylor’s newly rebranded Strategy that have Bitcoin on their balance sheets.