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,

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.

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.

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