Bitcoin MSTR-Focused Convertible Bond ETF
March 14, 2025 by Jhon E. Bermúdez
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Here’s the rewritten content, designed to be more natural and engaging while preserving all HTML tags and the original meaning: <img src="https://cdn.sanity.io/images/s3y3vcno/production/7abb923cd3f5036c351144b00a69fb04fe321e58-6000x4000.jpg" /><br><div><p>Get ready for a groundbreaking development in the investment world! REX Shares has just introduced a first-of-its-kind exchange-traded fund (ETF) focused on convertible bonds. This innovative ETF opens the door for investors to

Here’s the rewritten content, designed to be more natural and engaging while preserving all HTML tags and the original meaning:
<img src="https://cdn.sanity.io/images/s3y3vcno/production/7abb923cd3f5036c351144b00a69fb04fe321e58-6000x4000.jpg" /><br><div><p>Get ready for a groundbreaking development in the investment world! REX Shares has just introduced a first-of-its-kind exchange-traded fund (ETF) focused on convertible bonds. This innovative ETF opens the door for investors to tap into the convertible debt that companies are issuing to bolster their balance sheets with Bitcoin.</p><p>Introducing the REX Bitcoin Corporate Treasury Convertible Bond ETF, ticker symbol BMAX! Given its focus, it's no surprise that the fund is primarily composed of convertible bonds from Strategy (MSTR), led by Bitcoin proponent Michael Saylor, who is by far the largest issuer of this type of debt. Looking at the top holdings, you'll also find convertible notes from prominent Bitcoin mining firms like Marathon Digital (MARA) and Riot Platforms (RIOT).</p><p>According to Greg King, CEO of Rex Financial, this new ETF is breaking down barriers. In a recent <a target="_blank" href="https://www.businesswire.com/news/home/20250314330751/en/REX-Launches-Bitcoin-Corporate-Treasury-Convertible-Bond-ETF">statement</a>, King explained, 'Previously, accessing these unique bonds was a challenge for individual investors. BMAX changes that, providing a simpler way to engage with the investment strategy Michael Saylor championed – utilizing corporate debt to acquire Bitcoin as a treasury reserve.'</p><p>Launched just today, BMAX is now trading on the Nasdaq. Investors should note the ETF's gross expense ratio of 0.85%. It started strong with initial funding of $25 million in assets.</p><p>And it seems investors are already responding positively! In early trading, shares of the ETF are up, mirroring Bitcoin's own surge from an overnight low around $80,000 to over $84,000.</p></div><script>self.__next_f.push([1,"em.com","crossOrigin":"anonymous"}],["$","link",null,{"rel":"preconnect","href":"https://s.amazon-adsystem.com","crossOrigin":"anonymous"}],["$","link",null,{"rel":"preconnect","href":"https://btloader.com/","crossOrigin":"anonymous"}],["$","link",null,{"rel":"preconnect","href":"https://api.btloader.com/","crossOrigin":"anonymous"}],["$","link",null,{"rel":"preconnect","href":"https://confiant-integrations.global.ssl.fastly.net","crossOrigin":"anonymous"}],["$","link",null,{"rel":"preload","href":"https://a.pub.network/coindesk/pubfig.min.js","as":"script"}],["$","link",null,{"rel":"stylesheet","href":"https://a.pub.network/coindesk/cls.css"}]],["$","link",null,{"rel":"preconnect","href":"https://connect.facebook.net"}],["$","link",null,{"rel":"preconnect","href":"https://cdn.jwplayer.com"}],["$","link",null,{"rel":"preconnect","href":"https://cloudfront-us-east-1.images.arcpublishing.com"}],["$","link",null,{"rel":"preconnect","href":"https://downloads.coindesk.com"}],["$","link",null,{"rel":"icon","sizes":"any","href":"https://coindesk-next-guksfr7j7-coindesk.vercel.app/favicons/production/favicon.ico"}],["$","link",null,{"rel":"icon","type":"image/svg+xml","href":"https://coindesk-next-guksfr7j7-coindesk.vercel.app/favicons/production/favicon.svg"}],["$","link",null,{"rel":"icon","type":"image/x-icon","href":"https://coindesk-next-guksfr7j7-coindesk.vercel.app/favicons/production/android-chrome-192x192.png"}],["$","link",null,{"rel":"icon","type":"image/png","sizes":"16x16","href":"https://coindesk-next-guksfr7j7-coindesk.vercel.app/favicons/production/favicon-16x16.png"}],["$","link",null,{"rel":"icon","type":"image/png","sizes":"32x32","href":"https://coindesk-next-guksfr7j7-coindesk.vercel.app/favicons/production/favicon-32x32.png"}],["$","link",null,{"rel":"icon","type":"image/png","sizes":"48x48","href":"https://coindesk-next-guksfr7j7-coindesk.vercel.app/favicons/production/favicon-48x48.png"}],["$","link",null,{"rel":"icon","type":"image/png","sizes":"64x64","href":"https://coindesk-next-guksfr7j7-coindesk.vercel.app/favicons/production/favicon-64x64.png"}],["$","link",null,{"rel":"apple-touch-icon","href":"https://coindesk-next-guksfr7j7-coindesk.vercel.app/favicons/production/apple-touch-icon-60x60.png"}],["$","link",null,{"rel":"apple-touch-icon","sizes":"120x120","href":"https://coindesk-next-guksfr7j7-coindesk.vercel.app/favicons/production/apple-touch-icon-120x120.png"}],["$","link",null,{"rel":"apple-touch-icon","sizes":"152x152","href":"https://coindesk-next-guksfr7j7-coindesk.vercel.app/favicons/production/apple-touch-icon-152x152.png"}],["$","link",null,{"rel":"apple-touch-icon","sizes":"167x167","href":"https://coindesk-next-guksfr7j7-coindesk.vercel.app/favicons/production/apple-touch-icon-167x167.png"}],["$","link",null,{"rel":"apple-touch-icon","sizes":"180x180","href":"https://coindesk-next-guksfr7j7-coindesk.vercel.app/favicons/production/apple-touch-icon-180x180.png"}],["$","link",null,{"rel":"icon","type":"image/png","sizes":"512x512","href":"https://coindesk-next-guksfr7j7-coindesk.vercel.app/favicons/production/android-chrome-512x512.png"}],["$","link",null,{"rel":"icon","type":"image/png","sizes":"16x16","href":"https://coindesk-next-guksfr7j7-coindesk.vercel.app/favicons/production/favicon-16x16.png"}],["$","link",null,{"rel":"icon","type":"image/png","sizes":"32x32","href":"https://coindesk-next-guksfr7j7-coindesk.vercel.app/favicons/production/favicon-32x32.png"}],["$","link",null,{"rel":"apple-touch-icon","sizes":"180x180","href":"https://coindesk-next-guksfr7j7-coindesk.vercel.app/favicons/production/apple-touch-icon-180x180.png"}],["$","meta",null,{"name":"theme-color","content":"#000"}],["$","meta",null,{"name":"viewport","content":"width=device-width, initial-scale=1, maximum-scale=1"}],["$","link",null,{"rel":"hub","href":"https://pubsubhubbub.appspot.com/"}],["$","link",null,{"rel":"self","href":"/arc/outboundfeeds/rss"}],["$","style",null,{"children":"\n\t\t\t\t\t:root {\n\t\t\t\t\t\t--font-sans: 'neueHaas', 'neueHaas Fallback';\n\t\t\t\t\t\t--font-serif: 'family', 'family Fallb"])</script>