REX Shares Launches 2x Leveraged ETF Tied to Strive Stock

The fund began trading on September 18 following regulatory certification. While the product tracks Strive’s common stock, it does not hold Bitcoin directly, nor does it seek to mirror the daily price changes of the cryptocurrency. Instead, the vehicle utilizes derivative instruments, such as swap agreements, to achieve its leveraged objective. REX Shares warns that the leverage resets daily, meaning compounding effects can lead to results that diverge significantly from a 200% return over longer time horizons.

Strive has become a focal point for investors due to its aggressive Bitcoin treasury strategy, which recently reached 25,000 BTC. The company’s stock, ASST, rose 6.4% to close at $30.09 during the fund’s first session, reflecting the volatility inherent in the underlying asset. With a total expense ratio of 1.5%, the ETF is positioned for active, short-term trading rather than long-term investment. REX cautions that significant single-day moves in ASST—specifically those exceeding 50%—could jeopardize an investor’s entire principal. The firm explicitly advises that the product is intended for knowledgeable market participants who can actively monitor their positions.