REX Shares Announces First ETF for Investing in Corporate Convertible Bonds with Bitcoin

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by Giorgi Kostiuk

a year ago

REX Shares announced the launch of an ETF that allows investment in convertible bonds of companies that have Bitcoin in their treasuries.

Launch of REX Shares ETF

REX Shares introduced a new product — REX Bitcoin Corporate Treasury Convertible Bond ETF (BMAX). This fund offers access to convertible bonds issued by companies that already have Bitcoin in their treasuries. Inspired by Michael Saylor's strategy of buying Bitcoin, REX noted that public companies have begun using convertible bonds to finance their BTC purchases.

Easing Access to Convertible Bonds

BMAX simplifies access to convertible bonds through a single actively managed ETF, focusing on issuers like Strategy₿. It provides a combination of debt stability and equity upside, allowing investors exposure to companies leveraging BTC and the benefits of convertible bonds.

"BMAX is the first ETF providing retail investors and investment advisors access to convertible bonds issued by companies integrating Bitcoin into their financial strategy."Gregory D. King, CEO of REX Financial

Institutional Interest in BTC

This move by REX Shares reinforces the increasing institutional interest in Bitcoin and related products. BMAX provides a regulated and streamlined approach to market engagement, offering indirect exposure to BTC in a more conservative way, valuable for companies seeking to include Bitcoin as a treasury asset.

The launch of BMAX by REX Shares opens a new avenue for investors to access corporate strategies related to Bitcoin through convertible bonds, highlighting the growing interest in cryptocurrencies among institutional investors.

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