New ETF Targets Convertible Bonds Of Bitcoin-Holding Companies Like Strategy
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 14 2025
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Source: Benzinga
Launch of BMAX ETF: The REX Bitcoin Corporate Treasury Convertible Bond ETF (BMAX) has been launched, focusing on convertible bonds from companies like MicroStrategy that hold Bitcoin, aiming to provide retail investors access to this market.
Market Impact and Risks: The fund targets a growing network of ETFs linked to MicroStrategy, which has issued significant convertible bonds, but carries risks associated with the financial stability of these issuers, particularly if their stock prices decline.
Analyst Views on CWB
Wall Street analysts forecast CWB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CWB is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 93.840
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Current: 93.840
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
