REX Shares has launched the T-REX 2X Long Strive Daily Target ETF, trading under the ticker ASSX. The fund aims to deliver 200% of the daily performance of Strive Asset Management stock. ASSX is a leveraged single-stock ETF, not a spot Bitcoin ETF. Investors can now get leveraged exposure to one of the public companies building a large Bitcoin treasury.
REX Shares has introduced the T-REX 2X Long Strive Daily Target ETF, which trades as ASSX and seeks to provide 200% of the daily return of Strive Asset Management shares.
ASSX Adds Leverage on Top of a Bitcoin Treasury Stock
Strive’s balance sheet holds 26,355 BTC, so its stock price is influenced both by its operating business and by the market value of its Bitcoin holdings. ASSX takes that stock exposure and adds daily leverage. This is very different from owning Bitcoin directly or holding a spot Bitcoin ETF. The fund tracks Strive stock, not BTC, and its 2x target resets every day. Over periods longer than a day, compounding and volatility can make returns differ significantly from simply doubling Strive’s longer-term stock performance.
Bitcoin Treasury Stocks Keep Generating New Products
As more public companies build large crypto treasuries, their stocks are becoming building blocks for new financial products. ASSX is an example of this secondary market. Investors who want amplified daily exposure to Strive can now get it through an exchange-traded product, but they also take on the risks of leverage, single-stock concentration, and Strive’s corporate structure. The listing should be seen as a 2x leveraged ETF on ASST shares. It is not a leveraged spot-Bitcoin product, even though Bitcoin remains a major part of the company’s investment story.
This article was written by the News Desk and edited by Samuel Rae. Source: Primary Source
Frequently Asked Questions
FAQs REXs 2X Leveraged ETF Tracking Strive
Beginner Questions
What did REX just launch
REX Shares launched a 2X leveraged ETF designed to deliver twice the daily return of Strive a company that holds Bitcoin on its balance sheet
What is Strive
Strive is a publicly traded company that invests in Bitcoin as a treasury asset similar to MicroStrategy Its stock tends to move up and down with Bitcoins price
What does 2X leveraged mean
It means the ETF aims to give you double Strives daily price move If Strive rises 1 in a day the ETF targets a 2 gain If Strive falls 1 the ETF targets a 2 loss
What is an ETF
An exchangetraded fund is a basket of investments that trades on a stock exchange like a regular stock You can buy and sell it through any brokerage account
Why would someone buy this instead of just buying Strive stock
To get amplified exposure to Strives daily moves without using a margin account Its a way to make a bigger bet with less capital
Is this the same as buying Bitcoin
No Youre buying leveraged exposure to a company whose value is tied to Bitcoin not Bitcoin itself Youre taking on company risk leverage risk and Bitcoin price risk all at once
Intermediate Questions
What is the expense ratio and why does it matter
The expense ratio is the annual fee the fund charges Leveraged ETFs typically charge higher fees than plain index funds because of the cost of maintaining leverage It eats into your returns over time
What is daily reset and why does it matter
The fund rebalances every day to maintain its 2X target Over time this daily resetting can cause returns to diverge significantly from 2X Strives longerterm returnthis is called volatility decay
What is volatility decay
In choppy markets a leveraged ETF can lose money even if the underlying stock ends up flat Each days gains and losses compound on a shrinking base and the math works against you in sideways markets
Can I hold this longterm
Most financial professionals