Michael Saylor supports launch of BMAX ETF with access to Bitcoin bonds
@saylor: Saylor backs Bitcoin ETF launch
Michael Saylor, a prominent Bitcoin advocate, has backed the launch of a unique financial instrument aimed at retail investors.
The new offering, $BMAX, is an exchange-traded fund (ETF) introduced by REX Financial that opens access to convertible bonds from companies that incorporate Bitcoin in their financial strategy. Gregory D. King, the CEO of REX Financial, highlighted the ETF as the first to specifically focus on firms integrating Bitcoin and notes its potential appeal to both investment advisors and retail investors looking to diversify with Bitcoin-linked securities.
This development represents a growing trend in financial markets, where traditional financial products are being innovatively combined with cryptocurrency applications to provide more robust investment opportunities.
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In the previous news, tweet author Michael Saylor discussed Bitcoin as a digital asset.
