- REX Shares and Tuttle Capital Management launched the ASSX ETF on Cboe, offering 2x daily leveraged exposure to Strive shares
- The fund seeks 200% of Strive’s daily share-price performance and resets leverage each trading day
- ASSX does not hold Bitcoin or track its price directly — it provides leveraged exposure to a Bitcoin treasury company instead
REX Shares and Tuttle Capital Management launched the T-REX 2X Long ASST Daily Target ETF (ASSX) on Cboe Friday, offering traders a leveraged way to bet on Strive, a publicly traded Bitcoin treasury company and asset manager. The fund seeks to deliver 200% of Strive’s daily share-price performance before fees and expenses, according to the announcement.
However, the fund resets its leverage daily, meaning returns over periods longer than one trading day can differ significantly from twice the performance of Strive shares. Unlike spot Bitcoin ETFs, ASSX does not hold Bitcoin or seek to track its price. Consequently, the product gives traders direct leveraged exposure to Strive shares rather than to the underlying cryptocurrency itself.
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