REX Shares Introduces Leveraged ETF Linked to Bitcoin Treasury Firm
- REX Shares has launched the T-REX 2X Long Strive Daily Target ETF under ticker ASSX.
- The fund seeks to achieve 200% of the daily performance of Strive Asset Management stock.
- Strive Asset Management holds a significant Bitcoin treasury with a balance sheet including approximately 26,355 BTC.
- ASSX is a leveraged single-stock ETF and not a spot Bitcoin ETF.
- The fund’s objective resets daily, meaning returns can diverge from doubling Strive’s longer-term stock performance due to compounding and volatility.
This new financial product allows investors to gain amplified daily exposure to Strive Asset Management, a company with substantial Bitcoin holdings, through an exchange-traded product. However, it involves risks related to leverage and single-stock concentration.
ASSX offers investors an opportunity for increased exposure to Strive’s stock performance while leveraging its significant Bitcoin treasury, yet it remains distinct from direct Bitcoin investments or spot ETFs. (Source)
