In a move that would make the most seasoned investor chuckle with delight, REX Shares has conjured up a novel contraption—the Bitcoin Corporate Treasury Convertible Bond (BMAX) ETF. This charming little fund allows the common man to dabble in the esoteric world of convertible bonds from companies that have taken a shine to Bitcoin.
REX Shares, a firm with a penchant for investment oddities, has introduced the BMAX ETF, which essentially lets Joe Public invest in the debt of companies emulating Michael Saylor’s Bitcoin-hoarding ways.
“These bonds were as elusive as a Yeti for the average investor. But fear not, BMAX is here to democratize the fun, allowing one and all to partake in the corporate debt-for-Bitcoin shenanigans,”
quipped Greg King, the CEO of REX Financial, with a sly grin in his press release.
With BMAX, REX Shares is attempting to serve up a tantalizing cocktail of bond income stability and the wild, speculative thrill of Bitcoin investments.
Now, before you get too excited, let it be known that BMAX is not the first rodeo in the Bitcoin-corporate strategy ETF arena. There are others, like the Strive Bitcoin Bond ETF and the Bitwise Bitcoin Standard Company ETF, which also dabble in this space.
But what sets BMAX apart is its laser focus on convertible bonds from companies using debt to scoop up Bitcoin, unlike Strive’s more promiscuous approach to corporate debt. And as for Bitwise, well, they’re content with mere stocks of Bitcoin-rich companies, not the debt that BMAX so lovingly embraces.
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2025-03-14 16:38