REX creates ETF for convertible bonds of corporations holding bitcoin
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 14 2025
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Source: SeekingAlpha
New Investment Opportunity: The REX Bitcoin Corporate Treasury Convertible Bond ETF (BMAX) has launched, allowing investors to buy convertible bonds from companies that hold bitcoin on their balance sheets, making it easier to invest in corporate strategies leveraging bitcoin as a treasury asset.
Market Reaction: Following the launch of BMAX, bitcoin's price rose by 2.1% to $83.4K, and shares of Strategy (MSTR) increased by 5.1%, indicating positive market sentiment towards these new investment vehicles.
Analyst Views on BMAX
Wall Street analysts forecast BMAX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BMAX 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: 24.734
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Current: 24.734
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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.
