REX Shares and Tuttle Capital Management have launched ASSX, the T-REX 2X Long ASST Daily Target ETF, on Cboe BZX Exchange. The fund gives investors two times the daily price movement of Strive, Inc. (NASDAQ: ASST), a company that holds Bitcoin as a core treasury asset. It is the first U.S. ETF to offer 2x daily long exposure to Strive stock.
Key Takeaways
- REX Shares and Tuttle Capital Management jointly launched the ASSX ETF on Cboe BZX Exchange.
- ASSX seeks 200% of the daily performance of ASST before fees and expenses. That daily target resets every trading day and is not designed to track returns over any longer period.
- The fund carries a 1.5% total expense ratio and launched with $250,000 in initial assets.
What ASSX Is and What the Cboe Launch Means
REX Shares and Tuttle Capital Management launched ASSX on September 18, 2026, under the T-REX brand, which is their shared family of leveraged single-stock ETFs. The underlying stock is Strive, Inc. (ASST), a publicly traded company on the Nasdaq that holds Bitcoin on its corporate balance sheet. For related coverage, see X Sues Bitcoin Influencers Over £207,384 Engagement Fraud Claims.
An SEC supplement filed on September 4, 2026 named the T-REX 2X Long ASST Daily Target ETF, confirmed the ticker ASSX, and identified Cboe BZX Exchange as the listing venue. The regulatory filing is part of the ETF Opportunities Trust, which houses the REX-Tuttle T-REX product family. For related coverage, see Crypto Market Cap Surges to $2.76T as BTC, ETH and SOL Rally.
ASSX is not a spot Bitcoin ETF. It does not hold Bitcoin directly. Instead, it tracks the stock of Strive, a company whose value is tied in part to Bitcoin because of its treasury strategy. Investors who already follow REX’s earlier 2x leveraged ETF tied to Strive will recognize the structure, as ASSX expands that product line with a fresh listing.
How 2x Daily Exposure Works and Key Risks to Consider
A 2x daily ETF uses financial instruments, usually swaps, to deliver twice the price change of its target stock on any single trading day. If ASST rises 3% on Monday, ASSX aims to return roughly 6% that day before fees. If ASST falls 3%, ASSX aims to fall roughly 6%.
ASSX seeks 200% of ASST’s daily performance before fees and expenses. The objective is strictly a one-day target.
The daily reset creates a compounding effect over time. In a volatile market, a fund that resets leverage every day can lose ground even if the underlying stock ends the week flat. This effect is sometimes called “volatility decay,” and it means holding a leveraged ETF for weeks or months can produce very different results than doubling the stock’s long-term return.
Strive holds Bitcoin as part of its corporate treasury, so ASST’s price already reflects Bitcoin’s volatility to some degree. Adding 2x daily leverage on top of that amplifies both the potential gains and the potential losses. Bitcoin is trading near $81,510 at the time of writing, up about 1.5% in the past 24 hours, which gives context to how quickly the underlying environment can shift.
The fund launched with $250,000 in initial assets and carries a 1.5% annual expense ratio. That cost is higher than a plain index ETF, which is common for leveraged products that require active derivative management. Anyone considering ASSX should review the official fund documents at the REX Shares issuer page before making any investment decision, as the fund’s prospectus details the full range of risks specific to this structure.
For context on how broader crypto market conditions may affect Strive and, by extension, ASSX, the market sentiment index currently reads 70, a level described as Greed. Higher sentiment can support Bitcoin-linked equities like ASST in the short term, but conditions change quickly. Readers interested in how Bitcoin price recoveries have historically influenced crypto-related stocks may find relevant context in the coverage of when Bitcoin reclaimed $80,000 after the Fed rate rise and analysis of whether Bitcoin could reach $100K by year-end.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
