Strive-Linked Leveraged ETF Ties Up Crypto Markets with 2x Returns

REX Shares and Tuttle Capital Management launched a new leveraged ETF tied to Strive, a publicly traded Bitcoin treasury company. The T-REX 2X Long ASST Daily Target ETF (ASSX) began trading on Cboe under the ticker ASSX on Friday.

The fund seeks to deliver twice the daily performance of Strive's share price before fees and expenses. Unlike spot Bitcoin ETFs, ASSX does not hold Bitcoin or track its price, instead providing leveraged exposure to Strive shares.

Strive currently holds 25,000 BTC, making it the fifth-largest publicly traded corporate Bitcoin holder, according to BitcoinTreasuries.NET data.