The REX Bitcoin Corporate Treasury Convertible Bond ETF (BMAX) has entered the market, marking the first ETF dedicated to convertible bonds linked to bitcoin-focused corporate treasury strategies. The fund primarily consists of convertible bonds issued by Michael Saylor’s Strategy (MSTR), the largest issuer of such debt. Other significant holdings include convertible notes from bitcoin miners Marathon Digital (MARA) and Riot Platforms (RIOT). BMAX launched with $25 million in assets under management and trades on the Nasdaq with a gross expense ratio of 0.85%. The ETF’s debut coincided with a notable increase in bitcoin’s value, rallying from an overnight low of around $80,000 to above $84,000. This new fund makes it easier for individual investors to access a strategy previously difficult to reach.
Bravos Research
@bravosresearch
·
Jan 24 Bitcoin’s parabolic rallies have always coincided with this signal
And it is now on the brink of triggering once again… Buckle up
A thread
Ansel Lindner
@AnselLindner
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Mar 14 NEW!! – Divergences, Dominance, and a Developing Breakout
Historic adoption news fails to lead immediately to #bitcoin price increases, consolidation continues as macro risks loom and charts point to an explosive move ahead.
Bravos Research
@bravosresearch
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Jan 24 The last 2 times this happened, it marked major tops on Bitcoin
This is a signal that every crypto investor should monitor closely
A thread
Skew Δ
@52kskew
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Dec 16, 2024 $BTC
Another saylor buy twap or new big buyer in town?
this grind higher towards new ATH of $107.8K was entirely driven by one passive buyer
– higher price vs aggregate spot cvd
– consistent spot premium
– taker selling was matched by passive buying
Perps scaled in behind this
Alva
@AlvaApp
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Mar 13 Money printers go brr, and $BTC likes it. When M2 expands, Bitcoin usually follows with a lag—historically 57 days on average. We’re seeing a strong 0.824 correlation here. As liquidity flows, confidence in Bitcoin rises, pumping the price. Analysts looking at potential new highs
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