#BitcoinTreasuryETF #BitcoinTreasuryETF Bitcoin-Related Convertible Bond ETF Hits the Market

REX Shares launches the first ETF focused on convertible bonds related to corporate cash strategies centered on bitcoin.

Convertible paper from the Michael Saylor Strategy makes up the bulk of the fund's holdings.

Trading on Nasdaq with an expense ratio of 0.85%, the fund entered the market on Friday with AUM of $25 million.

REX Shares has launched the first exchange-traded fund (ETF) for convertible bonds of its kind, allowing investors to gain exposure to convertible debt issued by companies to add bitcoin to their balance sheets.

Known as the REX Bitcoin Corporate Treasury Convertible Bond ETF (BMAX), the fund primarily consists of convertible paper issued by the Michael Saylor Strategy (MSTR), which is the largest issuer of such debt. Other top 10 holdings include convertible notes from bitcoin miners Marathon Digital (MARA) and Riot Platforms (RIOT).