Rex has launched BMAX ETF, a fund that provides investors access to corporate bonds issued by companies using Bitcoin as a treasury asset.

The REX Bitcoin Corporate Treasury Convertible Bond ETF (BMAX), launched on Friday, offers a way to invest in convertible bonds of companies that hold bitcoin on their balance sheets, an asset that has been difficult for individual investors to access.

REX Shares debuted an ETF providing exposure to Strategy’s convertible bonds, a form of debt that was hard to access for most investors.

REX Shares, an exchange-traded fund (ETF) provider with over $6 billion in assets under management (AUM), launched its Bitcoin (BTC) Corporate Treasury Convertible Bond (BMAX) ETF that invests in the convertible bonds of companies with a BTC corporate reserve strategy.

Convertible debt from Michael Saylor's Strategy comprises the majority of the REX Bitcoin Corporate Treasury Convertible Bond ETF holdings.