Crypto
REX Shares Launches 2x Leveraged ETF Tracking Strive Asset Management
REX Shares has launched a new exchange-traded fund (ETF) called T-REX 2X Long Strive Daily Target ETF, which trades under the ticker ASSX.
The fund aims to deliver 200% of the daily performance of Strive Asset Management stock.
Strive's balance sheet holds 26,355 BTC, making its equity sensitive to both its operating business and the market value of its Bitcoin treasury.
The ASSX ETF adds daily leverage on top of this existing exposure, which is distinct from owning Bitcoin directly or holding a spot Bitcoin ETF.