A recently launched exchange-traded fund, named the REX Bitcoin Corporate Treasury Convertible Bond ETF (NASDAQ:BMAX), began trading on Friday, focusing on convertible bonds issued by firms that hold Bitcoin (CRYPTO: BTC) on their balance sheets,

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

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

Fidelity Corporate Bond ETF is a credit-focused bond strategy that seeks a high level of current income. U.S. taxable investment-grade bonds returned -3.06% in the fourth quarter of 2024, according to the Bloomberg U.S. Aggregate Bond Index, while gaining 1.25% for the full year, anchored by a late-spring and summer rally.

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