REX Shares launches 2x leveraged Strive daily target ETF today

Summary

REX Shares has announced the launch of its new 2x leveraged Strive daily target ETF ($ASSX), aiming to enhance liquidity for trading shares of Strive. This follows REX Shares' previous innovation as the issuer of the first U.S. ETF providing 2x daily long exposure to bitcoin-treasury company stocks, showcasing its commitment to expanding investment options in the market.

Tokens

$ASST$ASSX

Analysis

Strive: Strive is a publicly traded bitcoin treasury company and institutional asset manager listed under the ticker ASST. It combines Bitcoin holdings with asset management services for investment firms. Its stock serves as the underlying asset for the newly launched leveraged ETF from REX Shares. REX Shares: REX Shares is an exchange-traded product issuer specializing in leveraged and thematic ETFs, including its T-REX line developed with partners like Tuttle Capital Management. The firm focuses on delivering targeted daily exposure products across various underlying assets. It recently announced the launch of ASSX to provide 2x daily long exposure to Strive (ASST). Product Launch: REX Shares launched the first U.S. ETF offering 2x daily long exposure to the stock of a bitcoin-treasury company. Liquidity Support: The new ETF provides additional liquidity options for trading shares of Strive.

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