REX Launches 2x Leveraged ETF for Strive

The new ASSX fund provides daily 2x exposure to Strive's stock, offering traders a leveraged way to invest in this Bitcoin treasury company. REX Shares and Tuttle Capital Management have launched an exchange-traded fund (ETF) called T-REX 2X Long ASST Daily Target ETF, which began trading on Friday under the symbol ASSX on the Cboe exchange. The goal of this fund is to deliver 200% daily performance relative to the price of Strive's stock. This fund resets its leverage daily and does not hold Bitcoin directly. REX and Tuttle are also launching 2x ETFs related to other companies including Strategy, BitMine, Cipher Mining, Circle, and SharpLink. Strive currently holds 25,000 Bitcoins, making it the fifth largest publicly traded company holding Bitcoin in the world. Strive's stock price rose by 6.4% on Friday to $30.09.