REX launches 2x ETF on bitcoin treasury company Strive shares
- —The ASSX ETF trades on Cboe with double daily leverage on Strive shares
- —Strive holds 25,000 BTC — the fifth-largest among public companies
- —The last 469 BTC were bought with proceeds from the sale of perpetual preferred SATA shares
- —Strive shares rose 6.4% to $30.09, above the average analyst target of $29.40
Why it matters: It expands the lineup of leveraged ETFs on crypto treasuries, giving traders leverage on bitcoin company stocks without direct BTC ownership.
Source: Cryptonews.net