REX股票推出比特幣公司國庫可轉換債券（BMAX）ETF

雷克斯（Rex）股票推出了比特幣公司債券可轉換債券（BMAX）ETF，旨在使投資者訪問公司發行的可轉換債券

REX Shares has launched the Bitcoin Corporate Treasury Convertible Bond (BMAX) ETF, which will provide investors with exposure to convertible bonds issued by companies that are using debt to acquire Bitcoin.

雷克斯（Rex）股票已經推出了比特幣公司債券可轉換債券（BMAX）ETF，該債券將為投資者提供使用債務收購比特幣的公司發行的可轉換債券的風險。

The fund, which was announced on Monday, 14 March, will target firms that are known to be incorporating Bitcoin into their corporate treasuries.

該基金於3月14日星期一宣布，將針對已知將比特幣納入其公司國庫的公司。

Recently, there has been a surge in interest from publicly traded companies to obtain funds through convertible notes for BTC purchases.

最近，公開貿易公司通過BTC購買可轉換票據獲得資金的興趣激增。

Strategy, under the leadership of executive chairman Michael Saylor, is a pioneer in this approach and has acquired a significant portion of its 499,096 BTC holdings from 2024 issuances.

在執行董事長邁克爾·賽勒（Michael Saylor）的領導下，戰略是這種方法的先驅，並從2024年發行期間就獲得了其499,096 BTC持有的很大一部分。

Another notable company that has adopted this strategy is Metaplanet, which has also been actively engaged in raising capital through convertible bonds.

採用此策略的另一家著名公司是Metaplanet，該公司還積極從事通過可轉換債券籌集資金。

BMAX will offer investors a convenient way to invest in a basket of these bonds, presenting a structured avenue for exposure to this market.

BMAX將為投資者提供一種方便的方式，用於投資一籃子債券，並提供一種結構化的途徑，以供該市場接觸。

The fund will concentrate on key issuers such as Strategy, providing a targeted approach within a broader investment strategy.

該基金將集中於諸如戰略之類的關鍵發行人，並在更廣泛的投資策略中提供針對性的方法。

This ETF is designed to balance the security of debt with the potential for equity upside.

該ETF旨在平衡債務的安全性與股本上漲的潛力。

The structure of the fund enables investors to benefit from companies that are integrating BTC into their treasury strategies in a sustainable manner, combining the advantages of convertible bonds with the potential for capital appreciation from the equity component of the bonds.

該基金的結構使投資者能夠以可持續的方式從將BTC整合到其國庫策略中的公司中受益，從而將可轉換債券的優勢與債券的股本部分獲得資本增值的優勢相結合。

Furthermore, BMAX will be offered as a regulated investment vehicle, eliminating the complexity that investors would otherwise face in sourcing individual bonds or managing direct BTC ownership.

此外，BMAX將作為受監管的投資工具提供，消除了投資者在採購個人債券或管理直接BTC所有權時面臨的複雜性。

Investors seeking to engage with this market in a more controlled manner, without dealing with the volatility of holding Bitcoin directly, will find this ETF to be a suitable investment vehicle.

尋求以更具控制方式與該市場互動的投資者而不應對直接持有比特幣的波動，這將發現該ETF是合適的投資工具。

Commenting on the launch of BMAX, Greg King, CEO of REX Financial, stated that it is the first ETF in the U.S. to provide investors with access to convertible bonds issued by companies that are using debt to fund their Bitcoin treasury holdings.

Rex Financial的首席執行官Greg King評論BMAX的推出時，他表示，這是美國第一個為投資者提供使用債務來資助其比特幣財政部持有的公司發行的可轉換債券的ETF。

“Those bonds are not currently easily accessible to individual investors. But BMAX will make it possible for investors to participate in the strategies of companies that are using debt to buy bitcoin in a capital-efficient manner.”

“這些債券目前不容易被個別投資者獲得。但是，BMAX將使投資者有可能以資本效益的方式使用債務購買比特幣的公司的戰略。”

This ETF expands the options available for investing in Bitcoin without direct ownership, joining a growing category of such products.

該ETF擴展了可用於在沒有直接所有權的情況下投資比特幣的選項，並加入了不斷增長的此類產品類別。

Recently, there has been a focus on launching ETFs that track Bitcoin mining stocks and treasury-backed Bitcoin investments.

最近，一直著重於推出ETF，以追踪比特幣採礦股票和財政支持的比特幣投資。

As these offerings expand, it highlights Bitcoin’s increasing presence in traditional finance, presenting investment opportunities beyond the standard spot Bitcoin ETFs.

隨著這些產品的擴大，它突出了比特幣在傳統金融中的越來越多的業務，展現了超出標準斑點比特幣ETF的投資機會。