BarnBridgeの‌価格BOND

Rex Shares introduces BMAX ETF for Bitcoin-backed corporate bonds Rex Shares has launched the REX Bitcoin Corporate Treasury Convertible Bond ETF (BMAX), offering investors exposure to convertible bonds issued by companies that hold Bitcoin $BTC as part of their corporate…

Rex Shares introduces BMAX ETF for Bitcoin-backed corporate bonds U.S. asset management firm Rex Shares has launched the REX Bitcoin Corporate Treasury Convertible Bond ETF (BMAX), offering investors exposure to convertible bonds issued by companies that hold Bitcoin $BTC as…

REX Shares has launched a new, first of its kind exchange-traded fund focused on convertible bonds from companies incorporating Bitcoin into their treasury. REX Shares, an asset management firm specializing in investment products and funds, has just launched Bitcoin Corporate Treasury Convertible Bond (BMAX) ETF, which allows retail investors to invest in convertible bonds issued by companies that are buying Bitcoin ( BTC ) for their corporate treasuries (like Michael Saylor’s Strategy ). “Until now, these bonds have been difficult for individual investors to reach. 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,” said Greg King, CEO of REX Financial in the press release statement . In launching BMAX ETF, REX Shares aims to offer a mix of stable income from the bonds and the potential for stock market-like growth if BTC investments perform well. It’s important to note that BMAX is not the first ETF to offer exposure to companies integrating Bitcoin into their corporate strategies. There are other ETFs that invest in such companies, such as Strive Bitcoin Bond ETF and Bitwise Bitcoin Standard Company ETF. But unlike the Strive Bitcoin Bond ETF , which invests in a broader range of corporate debt instruments, BMAX exclusively targets convertible bonds issued by companies leveraging debt to acquire Bitcoin. As for the Bitwise Bitcoin Standard Company ETF , it invests in the stocks of companies holding significant Bitcoin reserves rather than their debt.

REX Shares has launched the REX Bitcoin Corporate Treasury Convertible Bond ETF. This will be a fund that invests in convertible bonds issued by companies that hold Bitcoin ( BTC ) in their corporate treasury, according to a company release. Convertible bonds are a type of debt that can be converted into company shares under certain conditions. Some companies use these bonds to raise money and buy Bitcoin for their balance sheets. The strategy gained attention after Michael Saylor, now Chairman of Strategy (formerly MicroStrategy ), used it to accumulate Bitcoin. BMAX simplifies access to this investment approach by packaging these bonds into an exchange-traded fund. ETFs allow investors to buy a basket of assets in one trade, similar to stocks. Instead of purchasing individual convertible bonds, investors can buy shares of BMAX to gain exposure to companies using this method. “BMAX is the first ETF giving retail investors and investment advisors access to convertible bonds issued by companies integrating Bitcoin into their financial strategy,” said Greg King, CEO of REX Financial. The fund focuses on companies like Strategy, which has issued multiple Bitcoin-backed convertible bonds. Investors in BMAX gain exposure to both the debt and potential equity upside of these companies while avoiding direct Bitcoin ownership. This provides an alternative way to engage with Bitcoin-linked investments without holding the asset itself. BMAX offers a regulated path to participate in this strategy, removing the complexities of sourcing individual bonds or managing Bitcoin transactions.

1. Understanding MINT’s Investment Strategy PIMCO Enhanced Short Maturity Active ETF ($MINT) is an actively managed ultra-short bond ETF that focuses on high-quality, short-duration fixed-income securities. Its primary objective is to provide higher yields than money market funds while preserving capital and liquidity. Duration: Typically between 0.5 - 1.5 years, making it sensitive to short-term interest rate changes. Holdings: Includes investment-grade corporate bonds, asset-backed securities, and short-term government debt. Yield Focus: Benefits from rising interest rates due to frequent reinvestment in short-term bonds. 2. Federal Reserve Rate Cut Expectations in 2025 The Federal Reserve is expected to cut interest rates in 2025 as inflation cools and economic growth slows. Analysts predict multiple 25-50 basis point cuts, potentially bringing rates down from current levels. Rate cuts would lower the yields on newly issued short-term bonds, directly affecting MINT’s return potential. 3. How Rate Cuts Could Impact MINT’s Performance 🔵 Positive Impacts (Bullish Case for MINT) ✅ Capital Gains Potential – As interest rates decline, the price of existing bonds rises, which could lead to capital gains for MINT’s portfolio. ✅ Continued Demand for Liquidity – Even with lower yields, MINT remains attractive for investors seeking a safe cash alternative with better returns than savings accounts. ✅ Flexibility to Adjust Holdings – PIMCO actively manages MINT, meaning it can reposition into higher-yielding corporate bonds or other short-term instruments to offset declining rates. 🔴 Negative Impacts (Bearish Case for MINT) ❌ Lower Yield for Investors – As interest rates fall, MINT’s yield on new bond purchases will decrease, reducing its income appeal compared to past years. ❌ Potential Outflows to Long-Duration Bonds – If investors expect continued rate cuts, they may shift capital from short-duration ETFs like MINT into longer-term bond ETFs that benefit more from falling rates. ❌ Competition from Other Income-Producing Assets – Dividend stocks, REITs, or high-yield bonds may become more attractive if MINT’s yields decline too much. 4. Will MINT Still Be a Strong Investment in 2025? ➡️ Short-Term: MINT remains a stable, low-risk investment for cash management and liquidity needs. Even with lower yields, it will likely outperform traditional money market funds. ➡️ Medium-Term: If rate cuts continue aggressively, investors may rotate into longer-duration bond ETFs, slightly weakening MINT’s demand. ➡️ Long-Term: MINT’s active management provides flexibility, but its performance will depend on how aggressively the Fed cuts rates and how quickly the economy recovers. 5. Final Verdict: Bullish or Bearish? Neutral to Slightly Bearish in the Long Run – While MINT remains a strong capital preservation tool, rate cuts could limit its yield advantage over cash and money market funds, leading some investors to seek better opportunities elsewhere. $MINT