The new ASSX fund offers 2x daily exposure to Strive shares, giving traders a convenient way to bet on bitcoin treasury companies.
REX Shares and Tuttle Capital Management have launched a leveraged ETF that seeks to double the daily performance of Strive, a publicly traded bitcoin treasury company and asset manager.
T-REX 2X LONG ASST Daily Target ETF Launched Trading Under the ASSX ticker on Cboe on Friday and seeks to pay 200% of Strive’s daily share-price performance before fees and expenses.
The fund resets its leverage daily, meaning returns over a single trading day can differ significantly from the double performance of Strive shares. Unlike spot bitcoin ETFs, ASSX does not hold bitcoin or track its price, instead offering leveraged exposure to STRIVE shares.
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