REX股票推出比特币公司国库可转换债券（BMAX）ETF

雷克斯（Rex）股票推出了比特币公司债券可转换债券（BMAX）ETF，旨在使投资者访问公司发行的可转换债券

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）股票已经推出了比特币公司债券可转换债券（BMAX）ETF，该债券将为投资者提供使用债务收购比特币的公司发行的可转换债券的风险。

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

该基金于3月14日星期一宣布，将针对已知将比特币纳入其公司国库的公司。

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

最近，公开贸易公司通过BTC购买可转换票据获得资金的兴趣激增。

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.

在执行董事长迈克尔·赛勒（Michael Saylor）的领导下，战略是这种方法的先驱，并从2024年发行期间就获得了其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.

采用此策略的另一家著名公司是Metaplanet，该公司还积极从事通过可转换债券筹集资金。

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将为投资者提供一种方便的方式，用于投资一篮子债券，并提供一种结构化的途径，以供该市场接触。

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

该基金将集中于诸如战略之类的关键发行人，并在更广泛的投资策略中提供针对性的方法。

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

该ETF旨在平衡债务的安全性与股本上涨的潜力。

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.

该基金的结构使投资者能够以可持续的方式从将BTC整合到其国库策略中的公司中受益，从而将可转换债券的优势与债券的股本部分获得资本增值的优势相结合。

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将作为受监管的投资工具提供，消除了投资者在采购个人债券或管理直接BTC所有权时面临的复杂性。

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.

寻求以更具控制方式与该市场互动的投资者而不应对直接持有比特币的波动，这将发现该ETF是合适的投资工具。

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的首席执行官Greg King评论BMAX的推出时，他表示，这是美国第一个为投资者提供使用债务来资助其比特币财政部持有的公司发行的可转换债券的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.”

“这些债券目前不容易被个别投资者获得。但是，BMAX将使投资者有可能以资本效益的方式使用债务购买比特币的公司的战略。”

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

该ETF扩展了可用于在没有直接所有权的情况下投资比特币的选项，并加入了不断增长的此类产品类别。

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

最近，一直着重于推出ETF，以追踪比特币采矿股票和财政支持的比特币投资。

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

随着这些产品的扩大，它突出了比特币在传统金融中的越来越多的业务，展现了超出标准斑点比特币ETF的投资机会。