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,

First, bitcoin enthusiasts could buy bitcoin (BTC-USD), then they could invest in stocks of crypto-linked companies such as Coinbase (COIN) and miners such as Riot Platforms (RIOT). Then came Strategy (MSTR),

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

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

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.