REX Shares has introduced an innovative exchange-traded fund that focuses on convertible bonds from firms incorporating Bitcoin into their treasury strategies.
REX Shares, a firm dedicated to asset management and investment products, has recently unveiled the Bitcoin Corporate Treasury Convertible Bond (BMAX) ETF. This fund enables retail investors to invest in convertible bonds from companies purchasing Bitcoin (BTC) for their corporate treasuries, akin to the approach championed by Michael Saylor.
“Historically, these bonds have been out of reach for individual investors. BMAX eliminates those obstacles, facilitating investment in the strategy popularized by Michael Saylor—using corporate debt to acquire Bitcoin as a treasury asset,”
stated Greg King, CEO of REX Financial, in a press release.
With the introduction of BMAX ETF, REX Shares aims to provide a mixture of reliable income from the bonds and the opportunity for growth similar to that of the stock market, depending on the performance of Bitcoin investments.
It’s worth mentioning that BMAX isn’t the first ETF to give exposure to companies incorporating Bitcoin into their business strategies. Other options exist, such as the Strive Bitcoin Bond ETF and the Bitwise Bitcoin Standard Company ETF.
However, unlike the Strive Bitcoin Bond ETF, which invests in a diverse array of corporate debt instruments, BMAX specifically focuses on convertible bonds from companies using debt to acquire Bitcoin. On the other hand, the Bitwise Bitcoin Standard Company ETF invests in the equity of firms that hold considerable Bitcoin reserves rather than their debt.