Strive Stock ETF Masks as Leveraged Bitcoin Bet
REX Shares and Tuttle Capital Management have launched a new fund that allows traders to bet on double the daily moves of Strive, one of the largest public companies stacking Bitcoin on its balance sheet. The T-REX 2X Long ASST Daily Target ETF, ticker ASSX, began trading September 18 on Cboe.
The fund targets 200% of Strive's daily share performance before fees and expenses, with a 1.5% total expense ratio. Tuttle Capital Management acts as adviser and REX Shares serves as sponsor.
This is not a Bitcoin fund wearing a leverage label, it's a leveraged bet on a company whose valuation happens to be closely tied to Bitcoin. ASSX does not hold Bitcoin, and it does not attempt to deliver twice Bitcoin's daily price change. Its reference asset is Strive's common stock, which is itself shaped by Bitcoin prices.