| Key Points: – REX Shares launches BMAX ETF, the first fund offering exposure to convertible bonds from companies using Bitcoin as a treasury asset. – BMAX provides a regulated and indirect way to invest in Bitcoin-related corporate strategies. |
REX Shares has introduced the REX Bitcoin Corporate Treasury Convertible Bond ETF (BMAX), a pioneering fund designed to provide exposure to convertible bonds issued by companies integrating Bitcoin into their corporate treasury strategies.
BMAX marks a significant development in the ETF landscape by offering retail investors and financial advisors a new way to access companies employing Bitcoin as a treasury asset.
REX Shares Introduces Bitcoin-Backed Convertible Bond ETF
The REX Shares’ ETF follows the strategy popularized by MicroStrategy’s Michael Saylor, who utilized corporate debt to purchase Bitcoin. By investing in these convertible bonds, BMAX seeks to combine the stability of debt instruments with the potential upside of equity exposure.
Unlike traditional Bitcoin investment vehicles, BMAX allows investors to engage with Bitcoin-backed corporate strategies without directly owning the cryptocurrency or managing individual bonds. The ETF provides a regulated and streamlined way to gain indirect exposure to Bitcoin, making it a potentially attractive option for those looking for a more conservative investment approach.
Bitcoin is now trading at around $83,750 with $80,000 support still being the price confluence zone over the past few days.
BMAX Offers a New Way to Invest in Bitcoin Treasury Strategies
While BMAX is not the first ETF to focus on companies incorporating Bitcoin into their financial strategies, it is unique in its exclusive focus on convertible bonds. Other ETFs, such as the Strive Bitcoin Bond ETF and the Bitwise Bitcoin Standard Company ETF, also invest in companies with Bitcoin-based strategies but do not specifically target convertible debt as BMAX does.
“BMAX is the first ETF giving retail investors and investment advisors access to convertible bonds issued by companies integrating Bitcoin into their financial strategy,” CEO of REX Financial Greg King stated in a press release.
In addition to BMAX, REX Shares and Osprey Funds recently filed for a new ETF that will track MOVE, a newly launched cryptocurrency. According to regulatory filings, the REX-Osprey MOVE ETF plans to allocate at least 80% of its net assets toward MOVE and related investment vehicles.
REX Shares’ filings come after Donald Trump’s second administration began earlier this year, with the new president appointing SEC Commissioner Mark Uyeda as acting SEC chairman. The agency has dropped a number of lawsuits and investigations into cryptocurrency companies in a move that has paved the way for crypto companies.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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