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

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.

REX Shares launched a first-of-its-kind Bitcoin Corporate Treasury Convertible Bond ETF (BMAX), offering investors exposure to convertible bonds issued by companies holding Bitcoin in their corporate treasury.

Exchange-traded fund (ETF) provider REX Shares rolls out its Bitcoin Corporate Treasury Convertible Bond ETF giving investors indirect exposure to BTC.

REX Shares debuted an ETF providing exposure to Strategy’s convertible bonds, a form of debt that was hard to access for most investors.