REX's ASSX ETF Puts 2X Leverage on Strive's Bitcoin Bet

What Does the New ASSX ETF Actually Track?

REX Shares and Tuttle Capital Management have launched a leveraged exchange-traded fund tied to Strive, giving traders a new way to amplify daily moves in one of the largest publicly traded Bitcoin treasury companies.

The T-REX 2X Long ASST Daily Target ETF began trading Friday on Cboe under the ticker ASSX. The fund seeks to deliver 200% of the daily performance of Strive shares before fees and expenses.

That makes ASSX fundamentally different from a spot Bitcoin ETF. It does not hold Bitcoin and does not attempt to deliver twice Bitcoin’s daily return. Instead, it tracks Strive’s common stock, which itself is influenced by Bitcoin prices, the valuation investors assign to the company’s treasury holdings and Strive’s ability to raise capital to continue acquiring BTC.

The result is effectively a leveraged bet on an already volatile Bitcoin-linked equity rather than direct leveraged exposure to the cryptocurrency.

REX and Tuttle already operate 2x products linked to other crypto-sensitive stocks including Strategy, BitMine, Circle, Cipher Mining and SharpLink. The addition of Strive extends that model deeper into the growing market for listed companies whose valuations are closely tied to digital asset holdings.