REX Shares has unveiled the REX Bitcoin Corporate Treasury Convertible Bond ETF, or BMAX. This unique fund invests in convertible bonds from companies that hold Bitcoin in their treasuries.
Convertible bonds are debts that can turn into company shares under specific conditions. Some firms use these bonds to raise funds and buy Bitcoin. This strategy became popular after Michael Saylor, now Chairman of Strategy, used it to accumulate Bitcoin.
BMAX simplifies this investment by packaging these bonds into an ETF. ETFs let investors buy a basket of assets in one trade, similar to stocks. Instead of buying individual bonds,you can purchase BMAX shares to access companies using this method.
Greg King, CEO of REX Financial, said, “BMAX is the first ETF that gives retail investors and advisors access to convertible bonds issued by companies integrating Bitcoin into their financial strategy.”
The fund targets companies like Strategy, which has issued multiple Bitcoin-backed bonds. BMAX investors gain exposure to both the debt and potential equity growth of these firms without owning Bitcoin directly.This offers an alternative way to engage with Bitcoin-linked investments.
BMAX provides a regulated route to participate in this strategy, eliminating the complexities of sourcing individual bonds or managing Bitcoin transactions.
