REX launches 2x leveraged ETF tied to Bitcoin treasury firm Strive

REX Shares and Tuttle Capital Management have introduced a leveraged exchange-traded fund tied to Strive, a publicly traded company known for holding Bitcoin as a corporate treasury asset. The product, named the T-REX 2X Long ASST Daily Target ETF and trading under the ticker ASSX on Cboe, aims to deliver 200% of Strive’s daily share-price movement before fees and expenses. Unlike spot Bitcoin ETFs that directly hold cryptocurrency or attempt to track Bitcoin’s market price, ASSX offers amplified exposure to Strive’s equity. The fund uses daily leverage reset mechanics, which means that performance measured over periods longer than a single trading day can diverge materially from two times Strive’s cumulative returns. REX and Tuttle said they also manage other 2x ETFs linked to several publicly traded firms in the crypto-mining and payments ecosystem, including Strategy, BitMine, Cipher Mining, Circle and SharpLink. Those products similarly provide leveraged exposure to the underlying companies rather than to Bitcoin itself. At the time of the fund’s launch, Strive held 25,000 Bitcoin, making it the fifth-largest publicly traded corporate Bitcoin holder based on data from BitcoinTreasuries.NET. Strive’s most recent acquisition of 469 BTC was financed through sales of SATA, its perpetual preferred stock. On the same Friday ASSX began trading, Strive shares rose 6.4% to close at $30.09, slightly above the $29.40 average 12-month analyst price target reported by S&P Global.