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.

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

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),

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,

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