Introducing BMAX from REX Shares

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.

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 makes convertible bonds a dynamic investment, offering exposure to Bitcoin-related corporate strategies while maintaining a foothold in traditional securities

Details

• Ticker: BMAX​

• Asset Class: US Equity​

• Fund Inception: NASDAQ, March 14, 2025​

• Management Fee: 0.85%​

^{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 suffered their worst week since 2020 as President Trump's sweeping tariffs sparked a global selloff.

• The S&P 500 fell 6%, Dow plunged 5.5%, and the Nasdaq collapsed 5.8%.

• S&P futures plummeted over 3%, and NASDAQ futures fell 4%

• Japan and Taiwan have triggered circuit breakers

Hedge funds are hit with the steepest margin calls since Covid

Over 50 nations have contacted the White House seeking trade talks after the tariff announcement, including key allies Taiwan, Israel, and India.

China announced additional tariffs of 34% on all US products starting April 10.

Multiple companies, including StubHub, Klarna, and Chime, have halted IPO plans.

Thousands joined anti-tariff protests across the US over the weekend, with demonstrators criticizing the economic impact of the trade policies.

⛏️ Alternative investing news

This deep dive explores investing in silver — a metal often dismissed as gold’s “little brother,” yet fundamentally unique due to its industrial uses, supply dynamics, and monetary history.

 📊 Ideas, trends, and analysis

• Toy industry executives are in scramble mode as 77% of US toy imports come from China, with Vietnam ranking as the third-largest supplier.

• It's not just Canadians. Fewer Europeans are visiting the US, too.

🧠 Make yourself heard

Markets are collapsing around the world, but Trump is standing firm, calling tariffs “a very beautiful thing.”

What happens next is anyone’s guess

😱 Fear and Greed Index

This is the lowest I’ve ever seen it.

📊 Earnings this week

Market movers

• Tesla's price target was slashed by 43% by Wedbush

• Jaguar Land Rover paused US shipments after President Trump's 25% auto tariff took effect.

• A Microsoft employee disrupted the company's 50th-anniversary celebration, protesting its AI contracts.

• TikTok's sale to US buyers hit a wall after China signaled it would reject the deal over new tariffs.

🎤 What you said last time

“P&G. You can't beat American Toilet Paper!”

“Tesla is dead, Steel is steel, and Yeti is expensive garbage. But P&G make a lot of different $hit. It will be hard for US companies to purchase domestic steel over the cheap and dirty metals from countries like India. Purchasing Teams all over must be $hitting bricks right now.”

📺 What to watch today