Rex Shares has launched a background (ETF) in the stock market (ETF) of the first convertible link, allowing exposure to investors to convertible debt issued by companies to add Bitcoin to their balance sheet.
Called Rex Bitcoin Corporation Treasury Bond ETF (BMAX), the background is necessarily composed of convertible paper issued by Michael Saylor’s strategy (Mstr), with much the largest issuer of said debt. Other 10 main holdings include the convertible notes of Bitcoin Miners Marathon Digital (Mara) and Riot Platforms (Riot).
“Until now, these bonds have been difficult to achieve for individual investors,” said Greg King, CEO of Rex Financial, in a statement. “BMAX eliminates those barriers, which facilitates investing in the pioneer strategy by Michael Saylor, taking advantage of the corporate debt to acquire bitcoin as an asset of the treasure.”
The fund was officially launched today and quoted in the Nasdaq. It has a gross expenditure ratio of 0.85% and was sown with $ 25 million in assets.
ETF shares are higher in early trade, since Bitcoin has recovered from a minimum during the night of around $ 80,000 to more than $ 84,000.
