The Bitcoin Corporate Treasury Convertible Bond ETF
REX Shares specializes in alternative exchange-traded funds.
BMAX is a pioneering ETF offering investors access to convertible bonds issued by companies that have integrated Bitcoin into their corporate treasuries.
This innovative fund provides a unique blend of debt stability and potential equity upside, allowing investors to engage with the evolving intersection of digital assets and traditional finance.
Why invest in Convertible Debt?
Convertible bonds are hybrid securities that offer interest payments and the potential for equity conversion.
They provide interest yields during the bond's life, with an option to convert into stock if the issuing company's share price exceeds a set conversion threshold at maturity.
This dual benefit structure offers exposure to Bitcoin-related corporate strategies while maintaining a foothold in traditional securities
Investing involves risk, including possible loss of principal. Investors should carefully consider the investment objectives, risks, charges, and expenses of BMAX before investing. This and other important information are contained in the Prospectus, which can be obtained by visiting the link above. Please read the Prospectus carefully before investing.
📰 Market Headlines
Markets sank for a third straight day as President Trump's tariff escalation sent shockwaves through global markets.
The Nasdaq rose 0.1%, while the Dow fell 350 points and the S&P 500 dropped 0.2%, edging closer to bear market territory.
Musk and Ackman are pushing back hard on Trump’s team, with the billionaire backer warning of an ‘economic nuclear winter.’
Apple shares dropped nearly 20% in three days, losing $640 billion in value as analysts flagged major risk from Trump’s 54% China tariffs.
The EPA approved Texas’ first carbon capture well, letting Occidental store 8.5 million tons of CO2, though President Trump’s support for such projects remains unclear.
☢️ Alternative investing news
As demand for nuclear energy rises, uranium supply struggles to keep up, constrained by long lead times, geopolitics, and limited enrichment capacity.
You can gain exposure through miners, enrichment firms, and physical uranium trusts.
Investing In Uranium – Alts.co
Uranium could fuel the world with reliable, low-carbon energy. Supply can't meet demand & prices are soaring. We show you the bull case, the bear case, and how to invest.
alts.co/investing-in-uranium
📊 Ideas, trends, and analysis
Goldman Sachs raised its recession odds to 45%, up from 35%, and projected a 75-point Fed rate cut starting in June.
Billionaire Trump backer Bill Ackman has been going off on X concerning tariff policies.
Initially a supporter of Trump, Ackman has warned they could lead to a “self-induced economic nuclear winter.”
Ackman is a high profile hedge fund manager who has had both major wins (shorting the market during COVID) and enormous losses (i.e. his very public $500m Herbalife short, and his $4 billion loss on Valeant)
Ackman went from “Trump might save America” to “Trump might crash the economy” in record time.
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Dave & Buster's missed Q4 estimates with revenue falling 10.8% and comparable store sales dropping 9.4%; shares still climbed 2.8%.
Levi Strauss beat Q1 EPS estimates, while revenue slightly missed; shares advanced 2.2%.
Market movers
Broadcom announced a $10 billion share buyback through 2025, lifting shares 3% after hours.
GM unveiled an electric Corvette concept at its UK design studio, reinforcing its European focus.
Panama's comptroller moved to sue officials over CK Hutchison’s 25-year port renewal, targeting Chinese shipping influence.
Volkswagen partnered with Horizon Robotics to advance driver-assist tech, strengthening its position in China.
📊 Crypto
Brazil’s top court approved crypto asset seizures, treating digital currencies like real estate or bank accounts.
South Korea’s $836 billion pension fund explored blockchain to boost transparency and secure records.
A crypto attorney alleged the US government knows Bitcoin creator Satoshi Nakamoto’s identity.
Hackers ran the PoisonSeed campaign, hijacking CRM accounts to spread fake seed phrases and empty wallets.
🌍 Global Perspectives
🇪🇺🇺🇸 The European Commission proposed 25% counter-tariffs on US goods like diamonds, eggs, and poultry starting May 16.
🇺🇦🇷🇺 A Russian missile strike killed 20 civilians in Kryvyi Rih, including 9 children, in the deadliest attack on Zelenskiy’s hometown.
🇲🇲 Myanmar’s military launched 14 attacks after the ceasefire, worsening the toll as fighting continued despite earthquake relief efforts.
🇩🇿🇲🇱 Algeria blocked Malian flights and recalled ambassadors after shooting down a drone near the border.
🎤 What you said last time
“He's a Tariff-truther, which is bad for all of us. He'll keep going with the belief that it will eventually create the Utopia that he's been dreaming of since the 80's (look at his statements since the 80's). He firmly believes that he's smarter than everyone, reality-be-damned…”
🧠 Miscellanea
Scientists found a Panama tree that used lightning to kill rival trees and vines.
NASA updated Uranus’ rotation time to 17 hours, 14 minutes, and 52 seconds; 28 seconds longer than estimated.
