REX launches ETF for Bitcoin corporate treasury bonds

Rex Pares launched the Corporate Treasury Convertible Bond Etf rex.

It will be a fund that will invest in convertible bonds issued by companies that hold Bitcoin (BTC) in their corporate treasure, according to to a business release.

Convertible bonds are a type of debt that can be converted into the company’s shares under certain conditions. Some companies use these obligations to collect funds and buy bitcoin for their balance sheets.

The strategy drew attention after Michael Saylor, now president of the strategy (formerly Microstrategy), used it to accumulate bitcoin.

BMAX simplifies access to this investment approach by packing up these obligations in a bargain on the stock market on the stock market. The FNBs allow investors to buy an asset basket in a single job, similar to the actions. Instead of buying individual convertible bonds, investors can buy BMAX shares to obtain exposure to companies using this method.

“BMAX is the first ETF giving retail investors and investment advisers to access the convertible bonds issued by companies integrating Bitcoin into their financial strategy,” said Greg King, CEO of Rex Financial.

Bitcoin exhibition

The fund is focused on companies like Strategy, which has issued several convertible obligations supported by Bitcoin. BMAX investors are exposed both to debt and the increase in potential equity of these companies while avoiding direct Bitcoin property. This provides another way to engage with investments related to Bitcoin without holding the asset itself.

BMAX offers a regulated path to participate in this strategy, by removing the complexities of the supply of individual bonds or the management of Bitcoin transactions.