REX Shares has launched the T-REX 2X Long Strive Daily Target ETF, trading under the ticker ASSX, seeking to deliver 200% of the daily performance of Strive Asset Management shares. Strive holds 26,355 BTC on its balance sheet, making its equity sensitive to both its operating business and the market value of its Bitcoin treasury. ASSX adds daily leverage to that equity exposure but differs from a spot Bitcoin ETF since it tracks Strive stock, not BTC. Over periods longer than one day, compounding and volatility can cause returns to diverge significantly from simply doubling Strive’s longer-term stock performance.
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