REX Shares has launched the Bitcoin Corporate Treasury Convertible Bond (BMAX) ETF, designed to give investors access to convertible bonds issued by companies using debt to acquire Bitcoin.
The fund, announced on March 14, will target firms that incorporate Bitcoin into their corporate treasuries. Over recent years, publicly traded companies have increasingly turned to convertible notes to raise funds for BTC purchases.
Strategy, under executive chairman Michael Saylor, pioneered the approach, acquiring a significant portion of its 499,096 BTC holdings through convertible bond issuances. Other firms, including Metaplanet, have followed suit.
BMAX simplifies access to these bonds by packaging them into a single, actively managed ETF. The fund will focus on key issuers such as Strategy, offering a structured way for investors to gain exposure to this market.
The ETF aims to balance debt security and potential equity upside. This structure allows investors to benefit from companies levera
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