Rex Shares has announced the launch of the BMAX ETF for companies' convertible bonds adopting Bitcoin as a treasury asset.
Innovative Product for Investors
According to the asset manager, the new ETF will provide accredited and retail investors with access to companies buying BTC as part of their financial strategy. Interest in Bitcoin as a treasury asset has increased due to Strategy’s large-scale acquisitions, which utilized convertible debt for financing.
Key Components of BMAX ETF
BMAX allows investors to access these convertible bonds through a single index. However, investing in the BMAX ETF is not identical to direct Bitcoin investment. Rex Shares CEO Greg King noted that BMAX removes barriers for retail investors following Michael Saylor's strategy of leveraging corporate debt to acquire Bitcoin. The fund focuses primarily on Strategy's convertible bonds, which account for 81.21% of the ETF's weighting.
Trends in the ETF Market
BMAX is part of a growing trend of new crypto-focused ETF applications and launches. Recently, Bitwise unveiled their Bitcoin Standard Corporations ETF (OWNB), providing exposure to stocks of companies holding over 1,000 BTC. Despite market struggles, interest in crypto ETFs remains high.
The launch of BMAX by Rex Shares highlights the significance and interest in crypto ETFs, attracting both accredited and retail investors. Despite market declines, analysts anticipate Bitcoin ETFs to surpass gold ETFs in significance.
