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REX Bitcoin Bond ETF Filing Takes The Spotlight!
As the cryptocurrency market continues to evolve and grow, new developments are emerging that could have significant implications for investors and enthusiasts alike. In a major move, it has been announced that REX Bitcoin Corporate Treasury Convertible Bond ETF has filed a prospectus with the Securities and Exchange Commission (SEC). This news takes center stage in an industry where innovative investment opportunities are constantly being explored.
The proposed ETF aims to focus on investments in convertible bonds issued by companies holding BTC within their corporate treasuries. By allocating at least 80% of its net assets, including borrowed funds, to these bonds under normal market conditions, the fund will seek total returns through strategic selection and analysis of convertible bond issuers.
The REX ETF’s policy requires a 60-day notice period for any changes to shareholders before executing such modifications. This actively managed fund intends to prioritize companies that represent significant convertible bond players within the BTC corporate treasury space.
This latest development marks the second Bitcoin Bond ETF filing, following Vivek Ramaswamy’s Strive. Bitwise Asset Management has also launched its own Bitcoin Standard Company ETF, with a focus on firms adopting BTC in their corporate financial strategies and securities tied to their treasury holdings.
The list of eligible companies includes notable names such as MicroStrategy, Tesla, Coinbase, Marathon Digital, Semler Scientific, and Metaplanet. It’s essential for investors to stay informed about these recent developments that could signal potential shifts in investment patterns within the crypto market and broader financial sectors alike.
Source: http://www.cryptonewsz.com
