{"id":125090,"date":"2025-03-14T16:18:08","date_gmt":"2025-03-14T16:18:08","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125090"},"modified":"2025-03-14T16:18:08","modified_gmt":"2025-03-14T16:18:08","slug":"rex-launches-bitcoin-corporate-treasury-convertible-bond-etf","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125090","title":{"rendered":"REX launches Bitcoin Corporate Treasury Convertible Bond ETF"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsREX Shares, an exchange-traded fund (ETF) provider with over $6 billion in assets under management (AUM), launched its Bitcoin (BTC) Corporate Treasury Convertible Bond (BMAX) ETF that invests in the convertible bonds of companies with a BTC corporate reserve strategy.<br \/>\nAccording to the March 14 announcement, the ETF will purchase the convertible notes of companies such as Strategy. Convertible notes are commercial paper that can be converted into equity at a predetermined rate if an investor chooses.<br \/>\nTypically, these convertible bonds are purchased by institutional investors, including pension funds, some of which specialize in convertible note investing. Greg King, CEO of REX Financial, said:<br \/>\n\u201cUntil now, these bonds have been difficult for individual investors to reach. BMAX removes those barriers, making it easier to invest in the strategy pioneered by Michael Saylor \u2014 leveraging corporate debt to acquire Bitcoin as a treasury asset.\u201d<br \/>\nInvesting in convertible bonds, ETFs and the equity of companies such as Strategy, MARA and Metaplanet provides investors with indirect exposure to Bitcoin that removes the technical barrier to entry and self-custodial risks of holding BTC directly.<br \/>\nStrategy co-founder Michael Saylor, who popularized corporate Bitcoin treasuries, speaks about the merits of BTC. Source: CointelegraphRelated: Michael Saylor\u2019s Strategy to raise up to $21B to purchase more Bitcoin<br \/>\nStrategy a proxy Bitcoin bet for institutional investors<br \/>\nInstitutional investors may lack the technical sophistication to hold BTC directly or have legal or fiduciary constraints preventing them from investing in digital assets.<br \/>\nAt least 12 US states currently hold Strategy stock as part of their state pension funds and treasuries. Collectively, these states hold over $271 million in Strategy stock using current market prices.<br \/>\nThe list comprises Arizona, California, Colorado, Florida, Illinois, Louisiana, Maryland, North Carolina, New Jersey, Texas, Utah and Wisconsin.<br \/>\nCalifornia\u2019s State Teachers\u2019 Retirement Fund and its Public Employees Retirement System hold $67.2 million and $62.8 million in Strategy stock, respectively.<br \/>\nStrategy\u2019s Bitcoin purchases in 2025. Source: SaylorTrackerAccording to SaylorTracker, Strategy currently holds 499,096 BTC, valued at over $41.4 billion, making the company one of the largest corporate BTC holders in the world \u2014 eclipsing the US government\u2019s estimated 198,000 BTC.<br \/>\nStrategy\u2019s most recent Bitcoin purchase occurred on Feb. 24, when the company acquired 20,356 BTC for nearly $2 billion.<br \/>\nMagazine: \u2018China\u2019s MicroStrategy\u2019 Meitu sells all its Bitcoin and Ethereum: Asia Express<a href=\"https:\/\/cointelegraph.com\/news\/rex-launches-bitcoin-corporate-treasury-convertible-bond-etf?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsREX Shares, an exchange-traded fund (ETF) provider with over $6 billion in assets under management (AUM), launched its Bitcoin (BTC) Corporate Treasury Convertible Bond (BMAX) ETF that invests&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125090"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125090"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125090\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125090"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}