REX Shares has launched a new, first of its kind ETF focused on convertible bonds from companies incorporating Bitcoin into their treasury.
The Bitcoin Corporate Treasury Convertible Bond (BMAX) Exchange-Traded Fund (ETF) enables retail investors to invest in convertible bonds issued by companies that are purchasing Bitcoin for their corporate treasuries (like Michael Saylor’s Strategy).
“Until now, these bonds have been difficult for individual investors to reach. BMAX removes those barriers, making it easier to invest in the strategy pioneered by Michael Saylor—leveraging corporate debt to acquire Bitcoin as a treasury asset,”
said Greg King, CEO of REX Financial in the press release statement.
REX Shares, an asset management firm that specializes in investment products and funds, has just launched the BMAX ETF. With the launch of the BMAX ETF, REX Shares intends to provide investors with a combination of stable income from bonds and the possibility of growth comparable to that of the stock market if Bitcoin investments do successfully.
The fact that BMAX is not the first exchange-traded fund (ETF) to provide exposure to businesses that are incorporating Bitcoin into their business plans is an important point to keep in mind.
Additionally, there are exchange-traded funds (ETFs) that invest in firms of this nature, such as the Bitwise Bitcoin Standard Company ETF and the Strive Bitcoin Bond ETF.
In contrast to the Strive Bitcoin Bond ETF, which invests in a wider range of corporate debt instruments, BMAX only buys convertible bonds issued by businesses that are using debt to buy Bitcoin.
The Bitwise Bitcoin Standard Company Exchange-Traded Fund (ETF) is an investment vehicle that buys the stocks of companies that have large Bitcoin reserves instead of those companies’ debt.
