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BMAX
-2.42 · -9.44%
$23.23 · NASDAQ

REX Bitcoin Corporate Treasury Convertible Bond ETF (BMAX) ETF Analysis | Convertibles

REX Advisers, LLC · USA
AUM:$5.9M
#– of – in Convertibles ETFs

Educational tool only – Figures are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

Down 13.2% over the past year, indicating modest price weakness.

What is BMAX?

The fund, under normal market conditions, will invest at least 80% of its net assets (plus any borrowings for investment purposes) in convertible bonds issued by companies that own bitcoin or bitcoin-linked financial instruments in their corporate treasury ("Bitcoin Corporate Treasury Companies").

Performance Highlights

Returns (%)
Cost & Yield (%)

Investment Breakdown

Negative 12-Month Return
BMAX returned -13.2% over the past year, reflecting recent market conditions.
Concentrated Holdings
Top 10 holdings account for 95.8% of the ETF — significant weight in a small number of names.
ETF Information
AUM$5.9M
Expense Ratio0.00%
Dividend Yield0.00%
Holdings1
Inception DateMar 2025
Domicile–
Distribution–
Index–
ProviderREX Advisers, LLC
Beta–
CategoryConvertibles
CurrencyUSD
Portfolio Impact

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6168
+7 points · better diversified

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Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
-0.1%
1Y
-20.5%
3Y
-61.3%
5Y
-61.3%
OpenBook InsightIf you had invested £10,000 in BMAX 5 years ago, it would have fallen to £3,866 — a loss of £6,134.

Annual Returns

Calendar year performance

BMAX delivered positive returns in 1 of the last 3 calendar years.
YearBMAX
2026 YTD+3.2%
2025-7.8%
2016-15.1%
CAGR 2yr-11.5%
1/3 positive yearsAvg return: -6.6%Worst year: -15.1% (2016)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: MIXED
Trend Strength
67%
Positive
Volatility
19.4%
Low
Momentum
+2.8%
30-day change
Support Level
22.80
Key floor
Key Insights
  • Price is consolidating, with low momentum over the recent period.
  • Monitor key support and resistance levels as part of broader risk assessment.
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