REX Shares Launches New ETF with Exposure to Coinbase and Strategy

REX Shares, a US-based asset manager, has introduced a new income-focused exchange-traded fund (ETF) trading under the ticker GIF on Cboe Global Markets. This fund combines leveraged covered-call strategies tied to nine individual stocks, holding equal-weighted positions in REX’s existing single-stock Growth & Income ETFs. Each underlying ETF targets about 1.25x exposure to its equity while generating income by writing covered calls. The nine underlying stocks span crypto-linked equities, technology, AI, healthcare, and retail, specifically naming Nvidia, Tesla, Strategy, Coinbase, Robinhood, Palantir, CoreWeave, Eli Lilly, and Walmart. The ETF aims for weekly income distributions derived primarily from option premiums.

This launch coincides with other recent activity involving Strategy-linked securities. Separately, 21Shares listed the STRC ETP in Europe, offering exposure to Strategy’s variable-rate perpetual preferred stock (STRC), which carries an 11.25% annual dividend. Furthermore, Prevalon Energy and Anchorage Digital allocated portions of their corporate treasuries to STRC. Strategy remains the largest corporate holder of Bitcoin, with over 717,000 BTC, despite its stock price falling significantly over the past year and being heavily shorted.

(Source：Cointelegraph)