Bitcoin ETF Launches Bond Strategy

REX Launches Bitcoin Corporate Treasury Convertible Bond ETF

• The REX Bitcoin Corporate Treasury Convertible Bond ETF (BMAX) debuted with $24.8 million in assets.
• 81% of the fund’s exposure is to convertible notes from Strategy, formerly MicroStrategy.
• The fund also includes products from Bitcoin miners Marathon Digital and Riot Platforms.
• BMAX offers retail investors access to convertible senior notes previously limited to institutional investors.
• REX may invest up to 20% of its assets in equities from companies using Bitcoin as a treasury reserve asset.

The BMAX fund launched on Nasdaq, focusing heavily on Strategy’s convertible notes, which constitute the majority of its investment portfolio.