New Leveraged Fund Targets Strive Shares

REX Shares, in partnership with Tuttle Capital Management, has rolled out a leveraged exchange-traded fund designed to deliver 200% of the daily share-price performance of Strive, a publicly listed Bitcoin treasury company and asset manager. The product, branded the T-REX 2X Long ASST Daily Target ETF, started trading on the Cboe exchange on Friday under the ticker symbol ASSX. The fund's stated objective is to provide investors with twice the daily return of Strive's equity before deducting fees and expenses.

Mechanics and Key Distinctions

A critical feature of ASSX is its daily leverage reset. Because the exposure is recalibrated at the close of each trading session, cumulative returns over multi-day or longer holding periods may deviate materially from a simple two-times multiple of Strive's price movement. Additionally, the product is structurally different from spot Bitcoin ETFs: it does not custodial-hold Bitcoin and does not attempt to mirror the cryptocurrency's spot price. Instead, it offers leveraged equity exposure to Strive as a corporate vehicle.

REX and Tuttle noted that their broader lineup already includes comparable 2x long ETFs tied to other Bitcoin-treasury or crypto-adjacent names, including Strategy, BitMine, Cipher Mining, Circle, and SharpLink.

Strive's Treasury Position and Market Context

According to data from BitcoinTreasuries.NET, Strive currently holds 25,000 Bitcoin, placing it as the fifth-largest publicly traded corporate Bitcoin holder. The company funded its most recent acquisition of 469 BTC through the sale of SATA, a perpetual preferred stock instrument.

On the day the ETF launched, Strive shares climbed 6.4% to finish the session at $30.09. That closing level sits modestly above the $29.40 consensus 12-month price target compiled from analysts tracked by S&P Global. For crypto traders evaluating portfolio construction, the ASSX fund introduces a new leveraged instrument whose performance will be driven by Strive's equity dynamics—combining the firm's Bitcoin holdings, capital-raising activity, and broader market sentiment—rather than by the direct price of the underlying digital asset.