REX Shares Launches 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, trading under the ticker ASSX. The fund aims to deliver 200% of the daily performance of Strive Asset Management shares.

Strive's own balance sheet holds 26,355 BTC ($85,507), making its equity sensitive to both its operating business and the market value of its Bitcoin treasury.

The T-REX ETF takes this equity exposure and adds daily leverage, which is distinct from owning Bitcoin directly or holding a spot Bitcoin ETF. The fund tracks Strive stock, not BTC, and its 2x objective resets daily.

As more public companies adopt large crypto treasuries, their equities are becoming building blocks for additional financial products. ASSX is an example of this second-order market.