REX Shares Launches Bitcoin Corporate Treasury Convertible Bond ETF
REX Shares has introduced the REX Bitcoin Corporate Treasury Convertible Bond ETF (BMAX), enabling investors to access corporate convertible debt linked to bitcoin holdings.
- BMAX primarily comprises convertible bonds from Michael Saylor's Strategy (MSTR), the largest issuer of such debt.
- Other significant holdings include convertible notes from Marathon Digital (MARA) and Riot Platforms (RIOT).
- The fund aims to provide easier access to these investments for individual investors.
- BMAX launched today on Nasdaq with a gross expense ratio of 0.85% and initial assets of $25 million.
- Early trading shows an increase in ETF shares as bitcoin prices rose from approximately $80,000 to over $84,000.