REX Launches ASSX, a New Leveraged ETF for Strive Shares
- The T-REX 2X Long ASST Daily Target ETF (ticker ASSX) began trading on Cboe.
- ASSX aims to deliver 200% of Strive’s daily share-price performance before fees and expenses.
- The fund resets its leverage daily, which can lead to significant differences in returns over multiple days.
- Strive holds approximately 25,000 Bitcoin, making it the fifth-largest publicly traded corporate Bitcoin holder.
- Strive shares rose by 6.4% to close at $30.09, exceeding the $29.40 average analyst price target.
The launch of the ASSX ETF provides investors with leveraged exposure to Strive’s performance without directly holding Bitcoin. This innovative product reflects ongoing developments in the cryptocurrency investment space.
With its recent trading debut, ASSX offers a unique opportunity for investors seeking high-risk exposure, especially as Strive continues to expand its Bitcoin holdings significantly.(Source)
