REX Shares and Tuttle Capital Management have officially expanded their T-REX suite with the launch of ASSX, a 2x leveraged exchange-traded fund tied to Bitcoin treasury company Strive. The fund seeks to deliver 200% of Strive’s daily share-price performance before fees and expenses on the Cboe exchange.
This introduction provides active traders with high-conviction directional tools while highlighting the expanding intersection between public corporate Bitcoin treasuries and leveraged derivatives products.
By SarmayaNext Corporate & Business Desk • ✓ Fact-Checked • Published September 2026
What Are the Key Details of the REX ASSX Fund Launch?
REX Shares and Tuttle Capital Management launched the T-REX 2X Long ASST Daily Target ETF (ASSX) on Cboe, providing investors with 2x daily leveraged exposure to Bitcoin treasury firm Strive (Nasdaq: ASST). Unlike spot Bitcoin funds, ASSX targets Strive share performance and resets leverage daily.
REX Shares and Tuttle Capital Management launched the T-REX 2X Long ASST Daily Target ETF under the ticker ASSX, trading on Cboe. The fund is designed to deliver 200% of the daily share-price performance of Strive, Inc. (Nasdaq: ASST) before fees and expenses. Strive operates as a Bitcoin treasury company and asset manager, holding thousands of Bitcoin as a core corporate asset.
According to filings and corporate data, Strive held 24,531 Bitcoin as of September 4, 2026, and subsequently expanded holdings to 25,000 Bitcoin, financing purchases through perpetual preferred stock sales like SATA. Because ASSX resets its leverage daily, returns over periods longer than a single trading session can diverge significantly from twice the multi-day performance of Strive shares. The product is structured strictly for sophisticated, active traders who monitor positions daily.
ASSX Fund Overview & Key Specifications
| Fund Parameter | Specification |
|---|---|
| Fund Name | T-REX 2X Long ASST Daily Target ETF |
| Ticker Symbol | ASSX |
| Listing Exchange | Cboe |
| Underlying Asset | Strive, Inc. (Nasdaq: ASST) |
| Investment Objective | 200% of ASST daily performance (before fees) |
| Leverage Reset | Daily reset (Single trading day holding period) |
How REX and Leveraged Treasury Funds Impact Market Participants
The arrival of ASSX bridges traditional equity derivative engineering with corporate crypto-treasury strategies. While spot Bitcoin ETFs track the underlying digital asset directly, funds like ASSX focus entirely on the operational volatility and equity performance of proxy firms. Strive shares often move in tandem with Bitcoin, creating sharp sessions that appeal to tactical speculators seeking magnified short-term exposure without holding direct crypto tokens.
For investors in Pakistan and global jurisdictions evaluating high-beta instruments, these developments underscore the rapid proliferation of niche leveraged products. However, analysts emphasize that daily reset mechanics introduce compounding risk over extended holding periods, making such funds unsuitable for passive buy-and-hold strategies.
Key Takeaways
- ASSX provides 2x daily long exposure to Strive (ASST) shares on Cboe.
- Strive holds 25,000 Bitcoin, ranking among the largest public corporate holders.
- The fund resets leverage daily, meaning multi-day returns will differ from simple 2x compounding.
- ASSX does not hold physical Bitcoin and is built exclusively for sophisticated active traders.
The Insider Take
The expansion of single-stock leveraged ETFs into crypto-adjacent treasuries like Strive reflects surging demand for tactical volatility tools. As issuers build out suites exceeding 40 products, risk management and daily monitoring remain paramount for market participants.
Frequently Asked Questions About REX
What is the latest update on REX?
REX Shares and Tuttle Capital Management launched the T-REX 2X Long ASST Daily Target ETF (ASSX) on Cboe, offering active traders 2x daily leveraged exposure to Bitcoin treasury firm Strive.
How does REX affect consumers and businesses in Pakistan?
While REX leveraged ETFs trade on U.S. exchanges like Cboe, Pakistani investors and market observers can analyze these instruments to understand global liquidity trends, high-beta derivative engineering, and the corporate integration of Bitcoin treasuries.
What are the key figures and timeline for REX?
The ASSX fund began trading following its launch in September 2026. Strive holds 25,000 Bitcoin as the fifth-largest publicly traded corporate holder, while the T-REX suite now encompasses over 40 leveraged and inverse exchange-traded products.
PS: For educational and informational purposes only. Technology specifications and availability are subject to regional rollout and device compatibility.