REX Shares has launched the T-REX 2X Long Strive Daily Target ETF, trading under the ticker ASSX. The fund’s objective is to provide 200% of the daily performance of Strive Asset Management shares.
Fund structure and leverage
ASSX is a leveraged single‑stock exchange‑traded fund. It tracks the equity of Strive Asset Management, not the price of Bitcoin directly. The ETF applies daily leverage, meaning its 2x target resets each trading day. Over periods longer than one day, compounding and market volatility may cause returns to differ from simply doubling the longer‑term performance of Strive’s stock.
Underlying company exposure
Strive Asset Management holds a Bitcoin treasury of approximately 26,355 BTC. Consequently, the company’s equity value is influenced by both its operating business and the market value of its Bitcoin holdings. The new ETF gives investors leveraged exposure to this equity position.
Market context
The launch reflects a broader trend of public companies with sizable crypto treasuries becoming the basis for additional financial products. ASSX provides amplified daily exposure to Strive’s stock, while also introducing risks associated with leverage, single‑stock concentration, and the corporate structure of the underlying company.
Investor considerations
Investors should recognize that ASSX is not a spot Bitcoin ETF. Its performance is tied to Strive’s share price and subject to daily reset mechanics, which can lead to significant divergence from the underlying Bitcoin price over longer horizons.
