Breaking News! Traditional Asset Management Giant REX Takes Bold Steps!
Just saw the news, REX Shares has pulled off a major move by launching the first "Bitcoin Corporate Bond ETF" (BMAX) on NASDAQ. This product is essentially a way to package the bonds of publicly listed companies that issue debt to buy Bitcoin, allowing retail investors to also benefit.
#etf Personally, I think this move has some substance. After all, Grayscale's GBTC is seeing daily outflows of over a hundred million, and asset management institutions are looking for new ways to capture this wave of funds. BMAX cleverly avoids Bitcoin spot by using corporate convertible bonds to indirectly ride the price fluctuations, which complies with regulations and allows traditional investors to get involved; this tactic is indeed impressive.
Three key points to note:
1) The companies held include MicroStrategy, which is a "Bitcoin holding company," effectively translating to holding Bitcoin indirectly.
2) The active management strategy may adjust positions to hedge during bear markets, providing more flexibility than holding spot assets.
3) Corporate bonds themselves offer interest income, which may attract funds that are averse to high volatility.
However, it is important to note that these types of products inherently involve double risks—both corporate credit risk and exposure to price fluctuations. Especially now, with the expectations of a delayed rate cut by the Federal Reserve, companies with high leverage and Bitcoin holdings are under significant pressure. The recent collapse of BlockFi is still fresh in memory; I advise ordinary players not to follow blindly.
Asset management institutions are clearly adopting a combination strategy, from spot ETFs to mining company ETFs, and now to corporate bond ETFs, breaking down the Bitcoin ecosystem clearly. This wave of traditional finance's dimensionality reduction attack raises the question of whether it will change the original rules of the cryptocurrency game. What do you think, folks?
#REX Although the market is slightly sluggish now, opportunities will come again. Stay calm and wait for the correction; when the time comes, I will lead everyone to aim for the lucrative opportunities in altcoins to bottom out and layout spot positions—it’s definitely possible to double your investment. Like and comment to seize this big opportunity in the current bull market together.