On Friday, December 27, a submitting revealed plans for the launch of the REX Bitcoin Company Treasury Convertible Bond ETF. The fund goals to concentrate on investments in convertible bonds issued by firms holding BTC inside their company treasuries.
About REX Bitcoin Bond ETF
Based on the prospectus, the ETF will allocate at the very least 80% of its internet property, together with borrowed funds, to those bonds underneath regular market situations. The coverage, whereas not elementary, requires a 60-day discover interval to shareholders earlier than any modifications.
This actively managed fund will search whole returns by strategically choosing convertible bonds issued by such firms, with allocations decided by the adviser’s proprietary evaluation of market situations. The adviser plans to prioritize issuers that symbolize important convertible bond gamers inside the BTC company treasury house.
Right here’s one other submitting…
REX Bitcoin Company Treasury Convertible Bond ETF
Will spend money on convertible bonds issued by firms that maintain btc of their company treasury. pic.twitter.com/yuheTbBZLI
— Nate Geraci (@NateGeraci) December 27, 2024
Furthermore, the fund’s flexibility permits changes in response to evolving market dynamics. Additionally, it’s price noting that this marks the second Bitcoin Bond ETF submitting after Vivek Ramaswamy’s Attempt.
Bitwise Launches Bitcoin Normal Firm ETF
This improvement comes on the heels of one other main ETF announcement. On Thursday, December 26, Bitwise Asset Administration unveiled its Bitcoin Normal Firm ETF. The fund will goal corporations adopting BTC of their company monetary methods, specializing in securities tied to their treasury holdings.
The fund will adhere to an 80% funding threshold, much like the REX ETF. Corporations included within the index are required to carry a minimal of 1,000 BTC to qualify. Among the many eligible corporations are notable names similar to MicroStrategy, Tesla, Coinbase, Marathon Digital, Semler Scientific, and Metaplanet.
Bitwise’s new ETF highlights its continued efforts to offer funding options centered on Bitcoin adoption by distinguished firms. This fund will observe company treasury adoption of BTC, leveraging securities from trade leaders to align with its funding targets.
All of the three filings replicate the rising pattern of integrating BTC into company monetary methods, signaling potential shifts in funding patterns inside the crypto and broader monetary markets.
Additionally Learn: Vivek Ramaswamy’s Attempt is Going “All-In” On Bitcoin, Right here’s Why
