According to REX Shares and Tuttle Capital Management, the T-REX 2X Long ASST Daily Target ETF (ticker ASSX) was launched on September 18 on Cboe, becoming the first U.S. ETF to provide 2x daily leveraged exposure to Strive (ASST). The fund aims for a return equal to 200% of ASST’s daily performance and shows a total expense ratio of 1.5%, with Tuttle Capital Management acting as adviser and REX Shares as sponsor.
Strive held 25,000 BTC as of September 11, after purchasing 469 BTC between September 8 and September 11 at an average price of $77,954 per unit. REX stated that a drop of more than 50% in ASST on a single day could wipe out all invested capital. The product tracks the performance of Strive’s stock, not directly that of Bitcoin, and uses daily leverage reset mechanisms that can lead to performance divergence compared to simple 2x calculations over multiple trading sessions.
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Strive held 25,000 BTC as of September 11, after purchasing 469 BTC between September 8 and September 11 at an average price of $77,954 per unit. REX stated that a drop of more than 50% in ASST on a single day could wipe out all invested capital. The product tracks the performance of Strive’s stock, not directly that of Bitcoin, and uses daily leverage reset mechanisms that can lead to performance divergence compared to simple 2x calculations over multiple trading sessions.
$BTC
$FORM
$WIF