New Leveraged ETF Offers 2x Daily Exposure to Bitcoin Treasury Firm Strive

REX Shares and Tuttle Capital Management have launched a new leveraged exchange-traded fund designed to deliver twice the daily performance of Strive, a publicly traded company known for holding Bitcoin as part of its corporate treasury strategy. The fund began trading Friday under the ticker ASSX on the Cboe exchange.

The ETF aims to provide 200% of Strive’s daily share price movement before fees, though its leverage resets each trading day. This means returns over longer holding periods can diverge significantly from simply doubling Strive’s overall performance. Notably, the fund doesn’t hold bitcoin directly or attempt to track its price, instead focusing purely on leveraged exposure to Strive’s stock.

Part of a Broader Lineup of Leveraged Products

REX and Tuttle also offer similar 2x leveraged ETFs tied to other companies in the crypto and Bitcoin treasury space, including Strategy, BitMine, Cipher Mining, Circle, and SharpLink, giving traders multiple ways to gain amplified exposure to crypto-linked equities.

Strive’s Growing Bitcoin Holdings

Strive currently holds 25,000 bitcoin, making it the fifth largest corporate holder of the cryptocurrency among publicly traded companies. The firm recently expanded its holdings through an additional purchase, funded through sales of its perpetual preferred stock offering.

Stock Performance Beats Analyst Expectations

Strive shares climbed 6.4% on Friday, closing above the average 12-month price target set by analysts tracking the stock, reflecting strong investor interest in the company’s Bitcoin-focused business strategy.