REX Shares has unveiled the REX Bitcoin Corporate Treasury Convertible Bond ETF (NASDAQ: BMAX) marking a pioneering move in the financial sector. This innovative ETF offers investors access to convertible bonds of companies that are incorporating Bitcoin into their corporate treasury strategies. With this launch REX aims to simplify the investment process in this niche market through a single actively managed fund.

BMAX stands out as the first ETF that enables retail investors and financial advisors to easily invest in Bitcoin-integrated corporate bonds. Greg King CEO of REX Financial highlighted that prior to BMAX these opportunities were largely inaccessible to individual investors. The ETF is designed to break down these barriers by providing a direct route to this unique form of corporate debt.

The fund focuses on providing investors with a blend of debt stability and potential equity growth. By investing in BMAX investors gain exposure to companies using Bitcoin in their treasury operations. This setup allows for a more conservative approach to Bitcoin exposure compared to direct ownership ensuring benefits from both the equity and debt markets.

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Bitcoin has been struggling with lower lows in recent weeks, leaving many investors questioning whether the asset is on the brink of a major bear cycle. However, a rare data point tied to the US Dollar Strength Index (DXY) suggests that a significant shift in market dynamics may be imminent. This bitcoin buy signal, which has only appeared three times in BTC’s history, could point to a bullish reversal despite the current bearish sentiment.

For a more in-depth look into this topic, check out a recent YouTube video here:Bitcoin: This Had Only Ever Happened 3x Before

BTC vs DXY Inverse Relationship

Bitcoin’s price action has long been inversely correlated with the US Dollar…

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Amid ongoing sanctions over the war in Ukraine, Russia has turned to bitcoin and other cryptocurrencies to facilitate some of its oil trade with major buyers China and India.

According to a Reuters report, Russian oil companies and traders increasingly conduct transactions in bitcoin and crypto, allowing them to circumvent restrictions from Western nations. Sources say monthly trade volumes are already in the tens of millions of dollars.

The mechanism involves Chinese or Indian buyers purchasing oil and depositing yuan or rupees into an offshore account owned by a middleman company. The middleman then converts the fiat currency into crypto and transfers it to an account in Russia,…

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