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

user avatar

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.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Meta Platforms' Shares Surge Following AI Assistant Launch

chest

Meta Platforms' shares rose over 6% after the launch of its AI assistant, Muse, which helps users manage tasks and goals.

user avatarTomas Novak

Galaxy Announces $5 Million Funding for Bitcoin Quantum Security Research

chest

Galaxy announced up to $5 million in funding for Bitcoin quantum-security work, including developer grants, research, and an advisory council.

user avatarMaya Lundqvist

IonQ Launches Superion 256 Quantum Computer with Orders Open for 2027 Delivery

chest

IonQ has launched its Superion 256 quantum computer, opening orders for delivery in 2027.

user avatarKaterina Papadopoulou

Prediction Markets Show Shifts in Oil Price Expectations

chest

Prediction markets are reacting to oil price fluctuations, with traders speculating on whether crude will reach $120 or fall to $55 first.

user avatarAisha Farooq

Record Diesel Prices Hit Ahead of Midterm Elections

chest

Record diesel prices reached a high of 594 a gallon, raising concerns about consumer affordability ahead of the midterm elections.

user avatarLi Weicheng

Brent Crude Surpasses $100 Amid Geopolitical Tensions

chest

Brent crude oil prices rose above $100 for the first time in six weeks due to geopolitical tensions, including attacks on Saudi oil facilities and US military responses.

user avatarLeo van der Veen

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.