In a groundbreaking move for both the cryptocurrency and investment sectors, REX Shares has officially launched the REX Bitcoin Corporate Treasury Convertible Bond ETF (BMAX). This first-of-its-kind exchange-traded fund (ETF) provides individual investors with unprecedented access to the convertible debt issued by corporations seeking to incorporate Bitcoin into their balance sheets.
BMAX is predominantly composed of convertible securities linked to Michael Saylor’s Strategy (MSTR), recognized as the most significant issuer of such debt. The ETF also includes convertible notes from key players in the cryptocurrency mining industry, with notable holdings in Marathon Digital (MARA) and Riot Platforms (RIOT).
Greg King, CEO of REX Financial, articulated the significance of this launch, stating, “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.”
Officially launched today on the Nasdaq, BMAX features a gross expense ratio of 0.85% and was seeded with an impressive $25 million in assets. Early trading indicates a positive response from investors, with shares of the ETF surging as Bitcoin’s price climbed from an overnight low of approximately $80,000 to over $84,000.
This innovative ETF signifies a notable evolution in the investment landscape, merging traditional bond investment strategies with the burgeoning realm of cryptocurrency. As more corporations explore the benefits of holding Bitcoin as a treasury asset, BMAX positions itself as a pivotal opportunity for investors aiming to diversify their portfolios with exposure to both corporate debt and digital currency.
