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.

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,

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

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.

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