REX Shares and Tuttle Capital Management have launched the T-REX 2X Long ASST Daily Target ETF, which began trading on Cboe on Friday under the ticker ASSX. The fund is designed to deliver 200% of Strive’s daily share-price performance before fees, giving traders a leveraged way to bet on the bitcoin treasury company through its stock rather than through direct bitcoin exposure. Unlike spot bitcoin ETFs, ASSX does not hold BTC and does not track bitcoin’s price.
The structure resets leverage each day, which means returns over periods longer than one trading session can diverge sharply from twice Strive’s stock performance. REX and Tuttle also said they launched other 2x leveraged ETFs linked to Strategy, BitMine, Cipher Mining, Circle, and SharpLink. According to BitcoinTreasuries.NET, Strive currently holds 25,000 BTC, making it the fifth-largest bitcoin holder among public companies. The company’s latest purchase added 469 BTC and was financed through the sale of its perpetual preferred stock, SATA. On Friday, Strive shares rose 6.4% to close at $30.09.
REX Shares and Tuttle Capital Management have launched the T-REX 2X Long ASST Daily Target ETF, which started trading on Cboe on Friday under the ticker ASSX.
Fund targets twice Strive’s daily stock move
The ETF is designed to deliver 200% of Strive’s daily share-price performance before fees, offering traders a leveraged vehicle tied to the bitcoin treasury company.
Unlike spot bitcoin ETFs, ASSX does not hold bitcoin and does not track the asset’s price. Its exposure is linked instead to Strive stock.
Daily reset changes multi-day return profile
The fund resets its leverage every day. Because of that structure, returns over more than one trading day can differ significantly from twice the performance of Strive shares over the same period.
Other 2x products launched alongside ASSX
REX and Tuttle said they also rolled out 2x leveraged ETFs tied to Strategy, BitMine, Cipher Mining, Circle, and SharpLink.
Strive holds 25,000 BTC
Data from BitcoinTreasuries.NET shows Strive currently holds 25,000 BTC, ranking it as the fifth-largest bitcoin holder among publicly listed companies.
The company’s most recent purchase added 469 BTC. It financed that buy by selling its perpetual preferred stock, SATA.
Strive shares closed higher Friday
On Friday, Strive stock rose 6.4% to close at $30.09.
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