REX Launches 2x Leveraged ETF Tracking Bitcoin Treasury Firm Strive
REX's new ASSX fund gives traders double daily exposure to Strive, a Bitcoin treasury company, amplifying both upside and downside.
If you want turbocharged exposure to the Bitcoin treasury trade, REX just handed you a new tool. The asset manager launched ASSX, a 2x leveraged ETF designed to deliver double the daily returns of Strive — a company built around holding Bitcoin on its balance sheet. Think of it as a leveraged bet on a leveraged bet.
Strive has positioned itself as a Bitcoin treasury firm, meaning its stock price is already tightly correlated to BTC price swings. Layer a 2x daily reset on top of that and you've got a product that can move fast in either direction. That's not a warning — that's the pitch. High risk, high reward, and very much a short-term trader's instrument.
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REX has been aggressive in the leveraged crypto-adjacent ETF space, and ASSX fits that playbook. The fund targets sophisticated retail and institutional traders who want equity-style access to Bitcoin treasury exposure without directly holding spot crypto or dealing with futures roll costs.
The timing matters. Bitcoin treasury companies have exploded in popularity following MicroStrategy's playbook, and Strive is among the newer entrants riding that wave. A dedicated leveraged ETF signals growing institutional appetite for these names as a distinct asset class — not just crypto proxies, but standalone investment theses.
If you're playing momentum in Bitcoin-adjacent equities, ASSX is worth watching. Just remember: 2x daily leverage means volatility decay is real over longer holds. This one is built for traders, not buy-and-hold investors. Continue reading at Cointelegraph.
