On Friday, December 27, a filing revealed plans for the launch of the REX Bitcoin Corporate Treasury Convertible Bond ETF. The fund aims to focus on investments in convertible bonds issued by companies holding BTC within their corporate treasuries.
About REX Bitcoin Bond ETF
According to the prospectus, the ETF will allocate at least 80% of its net assets, including borrowed funds, to these bonds under normal market conditions. The policy, while not fundamental, requires a 60-day notice period to shareholders before any changes.
This actively managed fund will seek total returns by strategically selecting convertible bonds issued by such companies, with allocations determined by the adviser’s proprietary analysis of market conditions. The adviser plans to prioritize issuers that represent significant convertible bond players within the BTC corporate treasury space.
Here’s another filing…
REX Bitcoin Corporate Treasury Convertible Bond ETF
Will invest in convertible bonds issued by companies that hold btc in their corporate treasury. pic.twitter.com/yuheTbBZLI
— Nate Geraci (@NateGeraci) December 27, 2024
Moreover, the fund’s flexibility allows adjustments in response to evolving market dynamics. Also, it’s worth noting that this marks the second Bitcoin Bond ETF filing after Vivek Ramaswamy’s Strive.
Bitwise Launches Bitcoin Standard Company ETF
This development comes on the heels of another major ETF announcement. On Thursday, December 26, Bitwise Asset Management unveiled its Bitcoin Standard Company ETF. The fund will target firms adopting BTC in their corporate financial strategies, focusing on securities tied to their treasury holdings.
The fund will adhere to an 80% investment threshold, similar to the REX ETF. Companies included in the index are required to hold a minimum of 1,000 BTC to qualify. Among the eligible firms are notable names such as MicroStrategy, Tesla, Coinbase, Marathon Digital, Semler Scientific, and Metaplanet.
Bitwise’s new ETF highlights its continued efforts to provide investment solutions centered on Bitcoin adoption by prominent companies. This fund will track corporate treasury adoption of BTC, leveraging securities from industry leaders to align with its investment objectives.
All the three filings reflect the growing trend of integrating BTC into corporate financial strategies, signaling potential shifts in investment patterns within the crypto and broader financial markets.
Also Read: Vivek Ramaswamy’s Strive is Going “All-In” On Bitcoin, Here’s Why
