REX launches 2x leveraged ETF tied to Strive
ASSX ETF tracks Strive stock with 2x daily leverage, not Bitcoin Trade the new T-REX fund on Cboe and see how it amplifies moves fast
REX Shares and Tuttle Capital Management have launched a leveraged exchangetraded fund linked to Strive, a publicly traded Bitcoin treasury company and asset manager.
The TREX 2X Long ASST Daily Target ETF started trading on Friday under the ticker ASSX on Cboe. The fund is designed to target twice Strive’s daily shareprice performance before fees and expenses, using daily leverage resets.
Because the ETF resets every day, its longerterm returns can differ significantly from simply doubling Strive’s stock movement over time. The product does not hold Bitcoin directly and does not track Bitcoin’s spot price; it provides leveraged exposure to Strive shares instead.
Strive currently holds 25,000 Bitcoin, according to BitcoinTreasuries.NET data, making it the fifthlargest publicly traded corporate Bitcoin holder. The company recently funded another Bitcoin purchase through sales of its preferred stock, and its shares rose on Friday amid the announcement.