Imagine a special kind of investment fund that lets you indirectly own a bit of Bitcoin! It's like buying a share of a company that already owns Bitcoin. This new fund, called BMAX, makes it easier for people to invest in Bitcoin this way.
It's a first-of-its-kind fund, and it's exciting news for anyone interested in Bitcoin. It's like getting a piece of the action without buying Bitcoin directly.
Think of it as a shortcut to investing in Bitcoin's growth through a company's bonds, rather than buying Bitcoin itself.
- A new fund lets you invest in companies that own Bitcoin.
- It's easier than buying Bitcoin directly.
- It's traded on the Nasdaq stock market.
- It started with $25 million.
| Item | Detail |
|---|---|
| Fund Name | REX Bitcoin Corporate Treasury Convertible Bond ETF (BMAX) |
| Cost | 0.85% per year |
| Starting Money | $25 million |
| Bitcoin Price (at the time of reporting) | Around $84,000 (after rising from about $80,000) |
