Search results for Tuttle Capital Management
Finance
Global financial firms step up push into South Korea, targeting retail ETFs and institutional alternatives
Global financial firms are increasingly turning to South Korea as they expand local footholds to target demand from retail investors for overseas investment products and from insurers and pension funds for alternative assets. Alternative investment manager Hayfin said it will broaden cooperation with Korean institutional investors via its Seoul office. U.S. ETF managers Tradr ETFs and Tuttle Capital Management cited sizable Korean ownership in their assets.
Crypto
REX Shares and Tuttle launch ASSX, a 2x leveraged ETF tied to Strive shares
ETF manager REX Shares and asset manager Tuttle Capital Management have launched a leveraged ETF designed to track twice the daily performance of bitcoin treasury company Strive’s stock. The product, called the T-REX 2X Long ASST Daily Target ETF, trades under the ticker ASSX and began trading on Cboe on Sept. 18. It does not hold bitcoin and is not a bitcoin price-tracking product. Leverage is reset daily, so returns can diverge over holding periods longer than a day.
Crypto
Strive buys 789 more bitcoin, pushes ETF launch
Bitcoin investment firm Strive bought an additional 789 bitcoin, lifting its corporate holdings to more than 14,000, according to a report by The Block Crypto. The purchase cost $61.43 million, at an average price of about $77,890 per bitcoin. CEO Matt Cole disclosed the purchase, taking total holdings to 14,557 bitcoin valued at about $1.3 billion at current prices. Strive also outlined plans for an ETF tied to preferred shares.