REX, Tuttle Launch 2x Leveraged ETF Tied to Strive Bitcoin Treasury Firm

REX Shares and Tuttle Capital Management have rolled out a new leveraged exchange-traded fund tied to Strive, the publicly traded Bitcoin treasury company and asset manager. The T-REX 2X Long ASST Daily Target ETF began trading on Friday under the ticker ASSX on Cboe, offering traders twice the daily performance of Strive shares before fees and expenses. The fund resets its leverage on a daily basis, meaning returns over multi-day periods can diverge meaningfully from 200% of Strive's share-price moves.

Unlike spot Bitcoin ETFs, ASSX does not hold any Bitcoin directly or track BTC's market price. Instead, it provides leveraged exposure to Strive's equity, effectively letting traders amplify bets on the performance of one of the largest corporate Bitcoin holders. REX and Tuttle noted that the firms also offer similar 2x long ETFs linked to Strategy (formerly MicroStrategy), BitMine, Cipher Mining, Circle, and SharpLink, broadening the suite of single-stock leveraged crypto-adjacent products.

Strive currently holds 25,000 Bitcoin, ranking it as the fifth-largest publicly traded corporate Bitcoin holder according to BitcoinTreasuries.NET data. The company funded its most recent 469-BTC purchase through the sale of SATA, its perpetual preferred stock instrument. Strive shares climbed 6.4% on Friday to close at $30.09, modestly above the $29.40 average 12-month price target among analysts tracked by S&P Global.