Rex股票推出了由比特币支持的公司财政部可转换债券ETF

2025年3月14日，雷克斯（Rex）股票是一家位于迈阿密的交易所买卖产品的创新者，推出了一种开创性的金融工具：雷克斯比特币企业债券可转换债券ETF，根据股票nasdaq：bmax进行交易。

REX Shares, a Miami-based innovator in exchange-traded products, today announced the launch of the REX Bitcoin Corporate Treasury Convertible Bond ETF (NASDAQ:BMAX). This groundbreaking fund, the first of its kind, provides investors with unique access to convertible bonds issued by companies that hold Bitcoin (BTC) on their balance sheets.

REX SHORES是一家位于迈阿密交易所买卖产品的创新者，今天宣布推出Rex Bitcoin Corporary Corporury Convertible Bond ETF（NASDAQ：BMAX）。这项开创性的基金是同类基金，为投资者提供了对持有比特币（BTC）在资产负债表上的公司发行的可转换债券的独特访问权限。

The timing of the launch highlights the increasing interest in corporate treasury Bitcoin strategies. Bitcoin price rose 2.1% to $83,400 on Monday, while Strategy (NASDAQ:FOUR) stock saw a 5.1% gain in morning trading.

发射的时机突出了对公司国库比特币策略的日益兴趣。周一，比特币价格上涨了2.1％，至83,400美元，而战略（纳斯达克股票代码：四）股票在早晨交易中涨幅5.1％。

This launch marks a significant moment as institutions like Strategy have been actively integrating Bitcoin into their treasuries, funded in part by convertible bonds and new stock offerings. Several other firms have followed suit, creating a niche asset class.

此次发布标志着像战略这样的机构一直在积极将比特币整合到国库中的重要时刻，部分是由可转换债券和新股票提供的。其他几家公司也效仿，创建了利基资产类别。

While these bonds offer interesting investment opportunities, they are often not accessible to individual investors due to their complexity and minimum investment tiers. However, BMAX solves this problem by bundling this strategy into a single, actively managed ETF, simplifying access for retail investors and financial advisors.

尽管这些债券提供了有趣的投资机会，但由于个人投资者的复杂性和最低投资等级，通常无法获得这些债券。但是，BMAX通过将该策略捆绑成一个单一的，积极管理的ETF来解决这个问题，从而简化了散户投资者和财务顾问的访问。

“We are excited to launch the REX Bitcoin Corporate Treasury Convertible Bond ETF, the first ETF to provide everyday investors with an investment in convertible bonds issued by companies that are deploying Bitcoin as a treasury asset,” said Greg King, CEO of REX Financial.

雷克斯金融公司首席执行官格雷格·金（Greg King）表示：“我们很高兴推出雷克斯比特币公司国库可转换债券ETF，这是第一个为日常投资者提供对部署比特币作为财政部资产的公司发行的可转换债券的投资的ETF。”

REX, which manages over $6 billion in assets, is known for its expertise in alternative-strategy ETFs. BMAX expands this offering, focusing on issuers like Strategy, a major player in Bitcoin-backed debt. The ETF provides a regulated vehicle for investors to gain exposure to the crypto market without directly investing in Bitcoin.

雷克斯（Rex）管理着超过60亿美元的资产，以其在替代策略ETF方面的专业知识而闻名。 BMAX扩展了此产品，重点关注发行人，例如战略，这是比特币支持的债务的主要参与者。 ETF为投资者提供了受监管的车辆，以便在不直接投资比特币的情况下获得加密市场。

Convertible bonds combine features of both debt and equity securities. They offer a regular income stream like traditional bonds and can be converted into stock, allowing investors to participate in the company’s share price appreciation. In this case, they will benefit if Strategy’s stock price rises due to increased Bitcoin holdings or other factors.

可转换债券结合了债务和股票证券的特征。他们提供常规的收入来源，例如传统债券，可以转换为股票，使投资者能够参与公司的股价增值。在这种情况下，如果由于比特币持有量增加或其他因素，战略的股价上涨，它们将受益。

This hybrid structure makes BMAX suitable for investors seeking to balance risk and reward. While Benares is known for its Bitcoin focus, it also faces risks common to all "Bitcoin Treasury Companies." These companies are subject to speculative hype, regulatory scrutiny, and accounting complexities like impairment losses when the Bitcoin price drops.

这种混合结构使BMAX适合寻求平衡风险和回报的投资者。尽管Benares以其比特币的重点而闻名，但它也面临着所有“比特币财政部”常见的风险。这些公司受到投机性炒作，监管审查和会计复杂性的约束，例如比特币价格下跌时的减值损失。

The prospectus for BMAX lists several risk factors, including the volatility of Bitcoin and the challenges faced by companies like Strategy. It highlights that Strategy is a key holding due to its large market capitalization.

BMAX的招股说明书列出了几个风险因素，包括比特币的波动和战略等公司所面临的挑战。它强调，由于其庞大的市值，策略是一个关键的持有。

Moreover, BMAX is subject to interest rate fluctuations, liquidity concerns, and tax implications. The fund will be taxed as a C-corporation, which is different from most ETFs.

此外，BMAX受利率波动，流动性问题和税收影响。该基金将被征税为C公司，这与大多数ETF不同。

Despite these risks, BMAX signals the evolving nature of the crypto market, where diverse investment vehicles are catering to a wider range of investor preferences. Distributed by Foreside Fund Services, LLC, and powered by REX’s expertise in alternative-strategy ETFs, BMAX brings a unique institutional investment strategy to the ETF market.

尽管有这些风险，BMAX表示加密市场的不断发展的性质，在这种情况下，各种投资工具都可以满足广泛的投资者偏好。 BMAX由Foreside Fund Services，LLC分发，并由Rex在替代策略ETF方面的专业知识提供支持，为ETF市场带来了独特的机构投资策略。