REX rolls out 2x leveraged ETF tied to Strive, a Bitcoin treasury firm

REX Shares and Tuttle Capital Management have launched a new leveraged product, the TREX 2X Long ASST Daily Target ETF. The fund began trading on Friday on the Cboe exchange under the ticker ASSX, ME News reported on Sept. 20 (UTC+8). ASSX seeks to deliver 200% of Strive's daily share performance before fees, offering traders leveraged exposure to the Bitcoin treasury company. The ETF does not hold Bitcoin or track spot BTC prices; instead, it targets amplified moves in Strive's stock. Because the leverage is reset daily, performance over periods longer than one session can diverge materially from twice Strive's cumulative return. REX and Tuttle also said they are launching 2x leveraged ETFs linked to Strategy, BitMine, Cipher Mining, Circle, and SharpLink. Data from BitcoinTreasuries.NET show Strive holds 25,000 Bitcoin, ranking as the fifth-largest BTC holder among publicly listed companies. The company's latest purchase totaled 469 Bitcoin, funded through the sale of its perpetual preferred stock, SATA. On Friday, Strive shares gained 6.4% to close at $30.09. (Source: ChainCatcher)