Key Takeaways ASST shares climbed 6.4% on Friday, closing at $30.09 following the introduction of a new 2x leveraged exchange-traded fund. REX Shares partnered with Tuttle Capital Management
Shares of Strive (ASST) advanced 6.4% during Friday’s trading session, settling at $30.09 as market participants gained access to a new leveraged instrument tracking the Bitcoin-focused treasury corporation. Intraday trading saw the stock fluctuate between $29.33 and $30.38.
Approximately 16.1 million shares changed hands throughout the day. The Friday advance built upon Thursday’s 3.17% increase, which saw ASST finish at $28.28.
REX Shares partnered with Tuttle Capital Management to introduce the T-REX 2X Long ASST Daily Target ETF on September 18. The product commenced trading on the Cboe exchange under the ticker symbol ASSX.
$ASSX is launching tomorrow: the T-REX 2X Long ASST Daily Target ETF.
Strive, Inc. ($ASST) is the bitcoin treasury company that trades like one: it moves on bitcoin, on capital raises, on short interest.$ASSX is built to trade that daily move. The objective is 200% of one… pic.twitter.com/ZK7mcK2TXk
— REX Shares (@REXShares) September 17, 2026
ASSX is engineered to capture 200% of Strive’s daily stock fluctuations, prior to accounting for fees and operational expenses. This marks the debut U.S. exchange-traded fund offering 2x daily long leverage exclusively targeting ASST shares.
The investment vehicle recalibrates its leverage ratio at the conclusion of each market session. Consequently, multi-day performance may deviate significantly from double Strive’s cumulative return across identical timeframes.
ASSX maintains no direct Bitcoin exposure and does not pursue Bitcoin price tracking. Instead, the fund focuses exclusively on replicating amplified daily movements in Strive’s common equity.
To establish its leveraged position, the fund employs derivatives instruments, including swap contracts. REX has disclosed a total expense ratio of 1.5% annually.
A theoretical 1% single-day decrease in ASST would typically generate approximately a 2% reduction in ASSX value, before accounting for financing charges and management fees. REX cautions that any daily ASST decline exceeding 50% could potentially eliminate an investor’s entire principal investment.
ASSX concluded its inaugural trading day at $28.27 after commencing at $27.78. The fund oscillated between $27.22 and $28.70, with reported transaction volume of 123,946 shares.
Extended-hours trading data subsequently indicated ASSX at $28.71. REX and Tuttle previously established similar leveraged products tracking Strategy, BitMine, Cipher Mining, Circle, and SharpLink.
The ETF launch coincides with Strive’s ongoing expansion of its digital asset reserves. Corporate filings show the company possessed 25,000 BTC as of September 11.
Between September 8 and September 11, Strive acquired 469 BTC at an average cost of $77,954 per Bitcoin. This transaction elevated total holdings from the previous 24,531 BTC balance.
During the prior reporting period, the company had secured 1,375 BTC for approximately $109 million. An additional late-August transaction brought in 1,800 BTC valued at roughly $143 million.
According to BitcoinTreasuries.net, Strive currently ranks as the fifth-largest publicly traded corporate Bitcoin accumulator. The company trails Strategy, Twenty One Capital, Metaplanet, and MARA Holdings in total holdings.
Recent regulatory filings indicate Strive maintained cash and cash equivalents totaling $204.2 million. Additionally, the corporation held 505,000 Strategy STRC preferred units with an estimated market value of $49.8 million.
CEO Matt Cole disclosed that funding for the most recent Bitcoin acquisition originated from SATA preferred stock proceeds. SATA’s standard annual dividend rate continues at 13% for distribution periods commencing October 1 or later.
The most recently verified Strive Bitcoin position stands at 25,000 BTC. Future acquisitions will require official disclosure through subsequent corporate announcements or regulatory submissions.
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