REX Launches 2X Leveraged ETF Tracking Bitcoin Treasury Firm Strive
REX Shares has launched the T-REX 2X Long Strive Daily Target ETF (ticker: ASSX), designed to deliver 200% of the daily performance of Strive Asset Management stock. The fund is a leveraged single-stock ETF, not a Bitcoin ETF, even though Strive holds 26,355 BTC on its balance sheet and its shares are influenced by Bitcoin’s market value. ASSX adds daily leverage to that equity exposure, so returns can diverge from 2x over longer periods because of daily reset effects, volatility, and compounding. The product highlights a broader trend: public companies with large crypto treasuries are becoming the basis for new financial instruments, giving investors amplified access to company shares while adding leverage, concentration, and corporate risk.
