Strategy founder Michael Saylor introduced the new ETF BMAX on his personal social platform, which is the first ETF to provide opportunities for retail investors and investment advisors, allowing them to invest in convertible bonds issued by companies that incorporate Bitcoin into their financial strategies.
As previously reported by BusinessInsider, asset management company REX Financial announced the launch of a Bitcoin Corporate Treasury Convertible Bond ETF (REX Bitcoin Corporate Treasury Convertible Bond ETF). The ETF's NASDAQ listing code is BMAX. It mainly targets retail investors and investment advisors and supports convertible bonds issued by companies incorporating Bitcoin into their financial strategies.