https://www.binance.com/activity/word-of-the-day/Keeps-AI-Agents-in-Check?ref=CPA_00J43UC4H1
What if there wasn’t enough leverage in the Bitcoin ETF?
Strive is a listed company that holds Bitcoin as its primary treasury asset, currently holding about 25,000 BTC, which makes it the fifth-largest company in terms of Bitcoin holdings according to the text.
But REX Shares and Tuttle Capital decided that ordinary exposure to Bitcoin isn’t enough.
On Friday, the two companies launched the ASSX fund on the Cboe exchange. It is an ETF designed to target double the daily movement of Strive’s share price (2x).
🔸 The leverage is reset daily, so the calculations become complex when holding it for more than one day.
🔸 The fund does not hold Bitcoin.
🔸 And it does not track the BTC price directly.
🔸 Instead, it places leveraged bets on Strive’s stock.
According to Yahoo Finance, the two companies also run similar 2x funds linked to Strategy, BitMine, and Circle.
Leveraged Bitcoin funds are no longer just ETFs… they’re starting to become an independent category all on their own.
$BTC $BNB $USDC
What if there wasn’t enough leverage in the Bitcoin ETF?
Strive is a listed company that holds Bitcoin as its primary treasury asset, currently holding about 25,000 BTC, which makes it the fifth-largest company in terms of Bitcoin holdings according to the text.
But REX Shares and Tuttle Capital decided that ordinary exposure to Bitcoin isn’t enough.
On Friday, the two companies launched the ASSX fund on the Cboe exchange. It is an ETF designed to target double the daily movement of Strive’s share price (2x).
🔸 The leverage is reset daily, so the calculations become complex when holding it for more than one day.
🔸 The fund does not hold Bitcoin.
🔸 And it does not track the BTC price directly.
🔸 Instead, it places leveraged bets on Strive’s stock.
According to Yahoo Finance, the two companies also run similar 2x funds linked to Strategy, BitMine, and Circle.
Leveraged Bitcoin funds are no longer just ETFs… they’re starting to become an independent category all on their own.
$BTC $BNB $USDC
