🚨 “The Bitcoin Bond Bonanza: A New Era of Speculation Dawns!”
What to know:
- REX Shares has unleashed a beast upon the world, a convertible-bonds ETF that’s like a wild mustang on steroids.
- The fund is mostly made up of the convertible paper issued by Michael Saylor’s Strategy, because who needs a social life when you can invest in bitcoin?
- Trading on Nasdaq with a 0.85% expense ratio, the fund has come to market with a whopping $25 million in AUM, because who doesn’t love a good party?
As the great sage once said, “The road to financial ruin is paved with good intentions.” And what better way to start a new era of speculation than with a fund that’s like a game of musical chairs, but with bonds and bitcoin?
Called the REX Bitcoin Corporate Treasury Convertible Bond ETF (BMAX), this fund is like a box of chocolates – you never know what you’re gonna get, but it’ll probably be a headache.
“Until now, these bonds have been difficult for individual investors to reach,” said Greg King, CEO of Rex Financial, in a statement that’s like a warning sign on a highway to nowhere. “BMAX removes those barriers, making it easier to invest in the strategy pioneered by Michael Saylor — leveraging corporate debt to acquire Bitcoin as a treasury asset.”
The fund officially launched today, and trades on the Nasdaq, because who needs a social life when you can trade on the stock market?
Shares of the ETF are higher in early trading as bitcoin has rallied from an overnight low of around $80,000 to above $84,000, because who needs a steady income when you can ride the bitcoin rollercoaster?
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2025-03-14 18:30