Key stats
About REX Bitcoin Corporate Treasury Convertible Bond ETF
Home page
Inception date
Mar 14, 2025
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Capitalizes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
REX Advisers LLC
Distributor
Foreside Fund Services LLC
BMAX is an actively managed, concentrated selection of convertible bonds from companies that hold bitcoin in their corporate treasury. The advisor defines such companies as those that maintain 15% or more of its assets in bitcoin or bitcoin-linked financial instruments, derives 15% or more of its income from bitcoin, or bitcoin mining companies. Most of the bonds the fund may invest in are traded over-the-counter. The fund targets around 10 to 15 positions from less than 10 issuers, regardless of credit quality. A significant portion of the funds assets may be held in just one issuer. Unlike most ETFs, BMAX will be taxed as a regular subchapter C corporation, which means taxable income must be recognized at both the fund and shareholder level. The fund may also invest up to 20% of portfolio assets in equity securities of these companies.
Related funds
Classification
What's in the fund
Exposure type
Corporate
Stock breakdown by region
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
BMAX trades at 29.81 USD today, its price has fallen −0.30% in the past 24 hours. Track more dynamics on BMAX price chart.
BMAX net asset value is 30.49 today — it's risen 2.09% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
BMAX invests in bonds. See more details in our Analysis section.
BMAX expense ratio is 1.14%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, BMAX isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, BMAX doesn't pay dividends to its holders.
BMAX trades at a premium (2.24%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
BMAX shares are issued by REX Advisers LLC
BMAX follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Mar 14, 2025.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.