First ETF in the U.S. offering 2x daily long exposure to Strive (ASST), a bitcoin-treasury company. ASSX is now trading on Cboe.

REX Shares ("REX") and Tuttle Capital Management ("TCM") today announce the launch of the T-REX 2X Long ASST Daily Target ETF (Cboe: ASSX), a leveraged ETF providing 2x daily long exposure to Strive, Inc. (NASDAQ:ASST). ASSX is now listed and trading on Cboe.

Fund name	T-REX 2X Long ASST Daily Target ETF
Fund ticker	ASSX
Exchange	Cboe
Underlying	Strive, Inc. (NASDAQ:ASST)
Objective	200% of ASST's daily performance, before fees and expenses
Holding period	one trading day; daily reset
Adviser / sponsor	Tuttle Capital Management / REX Shares

Strive, Inc. is a bitcoin treasury company that holds and manages bitcoin as a core corporate asset, and Strive held 24,531 bitcoin as of September 4, 2026, per a Form 8-K filed September 8, 2026, among the larger U.S. public-company bitcoin treasuries. ASST often moves with bitcoin and has a history of sharp swings, the kind of movement active traders look to take a view on. Strive took its current form in September 2025 through a merger between Nasdaq-listed Asset Entities, Inc. and asset manager Strive, Inc., and has since funded its bitcoin accumulation through a mix of common and preferred equity. ASSX is built for active traders who already trade ASST and want 2x daily long exposure for a single session. ASSX is not a bitcoin ETF and does not seek 2x the price of bitcoin. ASSX is designed to be held for a single trading day, with leverage reset each day.

"ASSX is the first ETF in the U.S. offering 2x daily long exposure to ASST," said Scott Acheychek, COO of REX. "Traders were already active in the name. This is the tool that was missing."

"ASST moves, and it moves with bitcoin," added Matt Tuttle, CEO and CIO of TCM. "ASSX is built for traders who want to lean into that on a given day, with 2x daily long exposure and the daily reset that comes with it."

This launch expands the T-REX ETF suite, which now includes over 40 leveraged and inverse single-stock ETFs, alongside other T-REX funds on crypto-sensitive names, including 2x Strategy (MSTU), 2x BitMine (BMNU), 2x Cipher Mining (CIFU), 2x Circle (CCUP), 2x SharpLink (SBTU), and 2x spot Bitcoin (BTCL).

Investing in the Fund is not equivalent to investing directly in ASST.

For full fund information, holdings, and risk disclosures, visit rexshares.com.

Investing in the Fund involves significant risk and is for sophisticated investors. The Fund is not suitable for all investors. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged (2X) investment results, understand the risks associated with the use of leverage and are willing to monitor their portfolios frequently. The Fund is not intended to be used by, and is not appropriate for, investors who do not intend to actively monitor and manage their portfolios. For periods longer than a single day, the Fund will lose money if ASST’s performance is flat, and it is possible that the Fund will lose money even if ASST’s performance increases over a period longer than a single day. An investor could lose the full principal value of his/her investment within a single day if the price of ASST falls by more than 50% in one trading day.

About T-REX

The T-REX lineup is a partnership between REX Shares and Tuttle Capital Management. T-REX is redefining single-stock ETFs with first-to-market leveraged and inverse exposures. Built to deliver 2x and -2x daily performance on some of the market’s most dynamic companies, T-REX funds give traders powerful tools to express high-conviction views. From being the first to launch 2x and -2x ETFs on Tesla (TSLT) and Nvidia (NVDX), to pioneering the first leveraged ETFs tied to spot Bitcoin (BTCL), T-REX continues to set the pace in ETF innovation. With more than 40 products already trading, the suite is constantly expanding to meet evolving investor demand for tactical, high-impact exposures. For more information, visit rexshares.com.

About REX Shares

REX Shares offers a suite of exchange-traded products built for both active traders and long-term investors, spanning income, crypto, thematic, and leveraged strategies. Whether making short-term trades, generating income from volatility, or investing in digital assets and emerging themes like drones, REX empowers investors to act on strong market views.

For more information, please visit rexshares.com.

About Tuttle Capital Management

Tuttle Capital Management is a leader in thematic and actively managed ETFs, leveraging an agile investment approach to align with market trends. Please visit www.tuttlecap.com for more information.

This ETF does not invest directly in the referenced asset and has a higher degree of risk since it is seeking to track a single stock or asset.

The ASSX prospectus and ASSX holdings are available at www.rexshares.com/assx.

Investors should consider the investment objectives, risk, charges, and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the T-REX ETFs please call 1-844-802-4004 or visit our website at rexshares.com. Read the prospectus and summary prospectus carefully before investing.

There is no guarantee that the Fund will achieve its investment objective. Investing involves risk, including possible loss of principal.

Important Risks

Investing in a REX Shares ETF may be more volatile than investing in broadly diversified funds. The use of leverage by a Fund increases the risk to the Fund. The REX Shares ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk, consequences of seeking daily leveraged, or daily inverse leveraged, investment results and intend to actively monitor and manage their investment.

An investment in the Fund entails risk. The Fund may not achieve its leveraged investment objective and there is a risk that you could lose all of your money invested in the Fund. The Fund is not a complete investment program. In addition, the Fund presents risks not traditionally associated with other mutual funds and ETFs. It is important that investors closely review all of the risks listed below and understand them before making an investment in the Fund.

Effects of Compounding and Market Volatility Risk. The Fund has a daily leveraged investment objective and the Fund’s performance for periods greater than a trading day will be the result of each day’s returns compounded over the period, which is very likely to differ from 200% of ASST’s performance, before fees and expenses. Compounding affects all investments, but has a more significant impact on funds that are leveraged and that rebalance daily and becomes more pronounced as volatility and holding periods increase. The impact of compounding will impact each shareholder differently depending on the period of time an investment in the Fund is held and the volatility of ASST during the shareholder’s holding period of an investment in the Fund.

Leverage Risk. The Fund obtains investment exposure in excess of its net assets by utilizing leverage and may lose more money in market conditions that are adverse to its investment objective than a fund that does not utilize leverage. An investment in this Fund is exposed to the risk that a decline in the daily performance of ASST will be magnified. This means that an investment in the Fund will be reduced by an amount equal to 2% for every 1% daily decline in ASST, not including the costs of financing leverage and other operating expenses, which would further reduce its value.

ASST Investing Risk. Issuer-specific attributes may cause an investment held by the Fund in ASST to be more volatile than the market generally. In addition to the risks associated generally with investments in equity securities, ASST faces risks unique to its operations, including significant exposure to the price volatility of bitcoin, regulatory and legal uncertainty relating to digital assets, risks associated with the custody and security of bitcoin holdings, dependence on market confidence in digital assets, and the ability to attract, hire, and retain key management and other qualified personnel. The trading price of ASST’s common stock historically has been, and is likely to continue to be, volatile. Additionally, a large proportion of ASST’s common stock has historically been, and may in the future be, traded by short sellers, which may put pressure on the supply and demand for its common stock and further influence volatility in its market price.

Digital Asset Strategy Risk. Strive, Inc.’s shift toward a bitcoin-focused strategy exposes the company to significant volatility in digital asset prices, regulatory uncertainty, custody and security risks, and execution risk related to implementing and maintaining a digital asset–centric business model, any of which could materially adversely affect its financial condition and results of operations.

Industry Concentration Risk. The Fund will be concentrated in the industry to which Strive, Inc. is assigned (i.e., hold more than 25% of its total assets in investments that provide exposure to that industry). A portfolio concentrated in a particular industry may present more risks than a portfolio broadly diversified over several industries.

Indirect Investment Risk. Strive, Inc. is not affiliated with the Trust, the Adviser, or any affiliates thereof and is not involved with this offering in any way, and has no obligation to consider the Fund in taking any corporate actions that might affect the value of the Fund. The Trust, the Fund and any affiliate are not responsible for the performance of Strive, Inc. and make no representation as to the performance of ASST. Investing in the Fund is not equivalent to investing in ASST. Fund shareholders will not have voting rights or rights to receive dividends or other distributions or any other rights with respect to ASST.

Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. Investing in derivatives may be considered aggressive and may expose the Fund to greater risks, and may result in larger losses or smaller gains, than investing directly in the reference assets underlying those derivatives, which may prevent the Fund from achieving its investment objective.

Swap Agreements. Swap agreements are entered into primarily with major global financial institutions for a specified period which may range from one day to more than one year. In a standard swap transaction, two parties agree to exchange the return (or differentials in rates of return) earned or realized on particular predetermined reference or underlying securities or instruments. The gross return to be exchanged or swapped between the parties is calculated based on a notional amount or the return on or change in value of a particular dollar amount invested in a reference asset. Swap agreements are generally traded over-the-counter, and therefore, may not receive regulatory protection, which may expose investors to significant losses.

Rebalancing Risk. If for any reason the Fund is unable to rebalance all or a part of its portfolio, or if all or a portion of the portfolio is rebalanced incorrectly, the Fund’s investment exposure may not be consistent with its investment objective. In these instances, the Fund may have investment exposure to the underlying stock that is significantly greater or significantly less than its stated multiple. The Fund may be more exposed to leverage risk than if it had been properly rebalanced and may not achieve its investment objective, leading to significantly greater losses or reduced gains.

Counterparty Risk. A counterparty may be unwilling or unable to make timely payments to meet its contractual obligations or may fail to return holdings that are subject to the agreement with the counterparty.

Liquidity Risk. Holdings of the Fund may be difficult to buy or sell or may be illiquid, particularly during times of market turmoil. Illiquid securities may be difficult to value, especially in changing or volatile markets. If the Fund is forced to buy or sell an illiquid security or derivative instrument at an unfavorable time or price, the Fund may be adversely impacted. Certain market conditions or restrictions may prevent the Fund from limiting losses, realizing gains or achieving a high correlation with ASST. There is no assurance that a security or derivative instrument that is deemed liquid when purchased will continue to be liquid. Market illiquidity may cause losses for the Fund.

Small-Capitalization Company Risk. Small-capitalization companies generally have more limited financial and managerial resources, less diversified business operations, and smaller market shares than larger companies. As a result, they may be more vulnerable to adverse business or economic developments, and their securities may be subject to greater price fluctuations and lower trading volumes.

Non-Diversification Risk. The Fund is classified as "non-diversified" under the Investment Company Act of 1940, as amended. This means it has the ability to invest a relatively high percentage of its assets in the securities of a small number of issuers or in financial instruments with a single counterparty or a few counterparties.

New Fund Risk. As of the date of this prospectus, the Fund has no operating history and currently has fewer assets than larger funds. Like other new funds, large inflows and outflows may impact the Fund’s market exposure for limited periods of time.

The Fund’s investment adviser will not attempt to position the Fund’s portfolio to ensure that the Fund does not gain or lose more than a maximum percentage of its net asset value on a given trading day. As a consequence, if the Fund’s underlying security moves more than 50%, as applicable, on a given trading day in a direction adverse to the Fund, the Fund’s investors would lose all of their money.

Distributor: Foreside Fund Services, LLC, member FINRA, not affiliated with REX Shares or the Fund’s investment advisor.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260918815529/en/

For media inquiries, please contact:

Gregory for REX, rexfin@gregoryagency.com

Matthew Tuttle for Tuttle Capital, mtuttle@tuttlecap.com