REX Shares launches 2x leveraged ETF tracking Strive Asset Management

REX Shares introduced a new exchange‑traded fund, 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 price movement of Strive Asset Management shares.

How the ETF works

ASSX is a leveraged single‑stock ETF. It does not hold Bitcoin directly and it is not a spot Bitcoin ETF. Instead, it tracks the equity of Strive Asset Management, whose balance sheet includes a substantial Bitcoin treasury.

Leverage and daily reset

The 2x leverage is applied on a daily basis. Because the leverage resets each day, performance over periods longer than one day can diverge from simply doubling the longer‑term return of Strive’s stock due to compounding and volatility effects.

Underlying company exposure

Strive Asset Management reports holding 26,355 BTC, making its stock price sensitive to both its operating results and the market value of its Bitcoin holdings. The ETF therefore provides amplified exposure to that combined risk profile.

Investor considerations

• Leverage risk – potential for amplified losses as well as gains.
• Single‑stock concentration – performance is tied solely to Strive Asset Management.
• Corporate structure – investors are exposed to Strive’s business operations in addition to its Bitcoin treasury.
• Not a direct Bitcoin product – the ETF tracks stock, not the cryptocurrency itself.

As more public companies adopt large crypto treasuries, products like ASSX illustrate a second‑order market where equity securities become the basis for new leveraged financial instruments.