REX Shares and Tuttle Capital Management have launched a new leveraged exchange-traded fund linked to Strive, the publicly traded Bitcoin treasury company and asset manager. The product, called the T-REX 2X Long ASST Daily Target ETF, started trading on Cboe on Friday under the ticker ASSX. It is designed to deliver 200% of Strive’s daily share-price performance before fees and expenses, giving traders a leveraged way to gain exposure to the company’s stock rather than to Bitcoin itself.
The structure matters. ASSX resets leverage every day, so returns over periods longer than a single trading session can diverge sharply from twice the move in Strive shares. REX and Tuttle said they also offer 2x ETFs tied to Strategy, BitMine, Cipher Mining, Circle and SharpLink. According to BitcoinTreasuries.NET, Strive holds 25,000 BTC, ranking it as the fifth-largest publicly traded corporate Bitcoin holder. The company’s latest purchase of 469 BTC was financed through sales of SATA, its perpetual preferred stock. Yahoo Finance data showed Strive shares rose 6.4% on Friday to close at $30.09, slightly above the $29.40 average 12-month analyst price target tracked by S&P Global.
REX Shares and Tuttle Capital Management have launched a leveraged ETF tied to Strive, a publicly traded Bitcoin treasury company and asset manager.
The fund, called the T-REX 2X Long ASST Daily Target ETF, began trading on Friday on Cboe under the ticker ASSX. It seeks to deliver 200% of Strive’s daily share-price performance before fees and expenses.
ASSX offers leveraged exposure to Strive shares
The new ASSX fund gives traders a leveraged way to bet on Strive shares. Its leverage resets daily, which means returns over periods longer than one trading day can differ significantly from twice the performance of the stock.
Unlike spot Bitcoin ETFs, ASSX does not hold Bitcoin or attempt to track Bitcoin’s price. Instead, it gives investors leveraged exposure to Strive shares.
Other 2x products from REX and Tuttle
According to REX and Tuttle, the firms also offer 2x ETFs linked to Strategy, BitMine, Cipher Mining, Circle and SharpLink.
Strive’s Bitcoin holdings
BitcoinTreasuries.NET data shows that Strive currently holds 25,000 Bitcoin, making it the fifth-largest publicly traded corporate Bitcoin holder.
The company financed its latest purchase of 469 BTC through sales of SATA, its perpetual preferred stock.
Strive shares closed higher on Friday
Yahoo Finance data showed Strive shares rose 6.4% on Friday to close at $30.09, slightly above the $29.40 average 12-month price target among analysts tracked by S&P Global.
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