Key facts
- REX Shares and Tuttle Capital Management launched a leveraged ETF tied to Strive.
- The T-REX 2X Long ASST Daily Target ETF (ASSX) offers 2x daily exposure to Strive shares.
- The fund resets leverage daily, meaning long-term returns may differ from twice Strive's performance.
- ASSX provides leveraged exposure to Strive stock, not directly to Bitcoin.
- Strive holds 25,000 Bitcoin, making it the fifth-largest publicly traded corporate Bitcoin holder.
- Strive shares closed at $30.09 on Friday, up 6.4%.
REX Shares and Tuttle Capital Management have launched a new exchange-traded fund that offers leveraged exposure to the stock of Strive, a company that holds Bitcoin. The T-REX 2X Long ASST Daily Target ETF, trading under the ticker ASSX, aims to deliver twice the daily performance of Strive's shares before fees and expenses. The fund resets its leverage daily, which means that returns over periods longer than one trading day may differ significantly from twice the performance of Strive's stock. Unlike spot Bitcoin ETFs, ASSX does not hold Bitcoin itself but rather provides leveraged exposure to Strive's equity. REX and Tuttle also offer similar leveraged ETFs linked to other companies in the digital asset space. Strive currently holds 25,000 Bitcoin, positioning it as the fifth-largest publicly traded corporate holder of the cryptocurrency. On Friday, Strive shares rose 6.4% to close at $30.09.