REX Launches 2X Leveraged ETF Tracking Bitcoin | Crypto News
TL;DR
- REX Shares has launched the T-REX 2X Long Strive Daily Target ETF under ticker ASSX.
- The fund seeks 200% of the daily efficiency of Strive Asset Management stock.
- ASSX is a leveraged single-stock ETF, not a spot Bitcoin ETF.
Investors now have a leveraged ETF tied to one of the public firms building a large Bitcoin treasury.
REX Shares has launched the T-REX 2X Long Strive Daily Target ETF, trading under ticker ASSX, with an goal of delivering 200% of the daily efficiency of Strive Asset Management shares.
ASSX Adds Leverage On Top Of A Bitcoin Treasury Stock
Strive’s own stability sheet holds 26,355 BTC, making its equity delicate to both its working business and the market worth of its Bitcoin treasury.
ASSX takes that equity publicity and provides daily leverage.
That is materially different from proudly owning Bitcoin straight. It is also different from holding a spot Bitcoin ETF.
The fund tracks Strive stock, not BTC, and its 2x goal resets daily. Over intervals longer than at some point, compounding and volatility may cause returns to diverge considerably from merely doubling Strive’s longer-term stock efficiency.
Bitcoin Treasury Equities Keep Spawning New Products
As more public firms undertake large crypto treasuries, the equities themselves have gotten building blocks for further financial merchandise.
ASSX is an instance of that second-order market.
Investors who need amplified daily publicity to Strive can now access it through an exchange-traded product, but they’re taking on the dangers of leverage, single-stock focus and Strive’s company construction at the same time.
The itemizing ought to therefore be understood as a 2x leveraged ETF on ASST shares.
It just isn’t a leveraged spot-Bitcoin product, even though Bitcoin stays a major driver of the underlying company’s investment narrative.
This article was written by the News Desk and edited by Samuel Rae.
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