REX Shares Debuts GIF ETF Featuring COIN and MSTR With Weekly Dividend Distributions

TLDR

• REX Shares introduced the GIF ETF, combining nine leveraged covered-call single-stock approaches into a unified income-generating fund
• The portfolio features cryptocurrency-related equities Coinbase and Strategy, plus Nvidia, Tesla, Palantir, and additional holdings
• GIF delivers approximately 1.25x leverage on each stock position and distributes weekly dividends from covered call premiums
• 21Shares debuted a Strategy preferred stock ETP in Europe (STRC NA) on Euronext Amsterdam during the same week
• Strategy currently ranks as the most heavily shorted large-cap American stock per Goldman Sachs’ recent data, with prices falling more than 60% in half a year

REX Shares, an American asset management firm, unveiled a new exchange-traded fund this week trading under the ticker GIF. The product combines nine leveraged single-stock covered-call approaches into a single vehicle engineered to deliver weekly dividend payments to shareholders.

The portfolio maintains equal-weighted allocations across nine REX single-stock ETFs. Every constituent ETF seeks approximately 1.25x leverage to its respective stock while simultaneously selling covered call options to capture premium income.

A covered call strategy involves selling call options on equities already held within the portfolio. Option buyers provide upfront premium payments, creating immediate income for the fund while limiting potential profits should the underlying stock experience significant price appreciation.

GIF commenced trading on Cboe Global Markets. The nine equities included in the portfolio are Nvidia, Tesla, Strategy, Coinbase, Robinhood, Palantir, CoreWeave, Eli Lilly, and Walmart.

Coinbase and Strategy represent the two cryptocurrency-focused companies within the collection. The remaining holdings cover artificial intelligence, pharmaceutical, consumer retail, and broader technology industries.

Strategy, previously operating as MicroStrategy, has established itself as the world’s leading corporate Bitcoin accumulator. The company presently maintains 717,722 BTC, representing approximately 3.4% of Bitcoin’s maximum 21 million coin supply.

Notwithstanding this substantial Bitcoin position, Strategy’s equity performance has been disappointing. The stock has declined over 60% during the preceding six months and roughly 50% across the past year, based on Yahoo Finance information.

Strategy additionally occupies the top position as the most heavily shorted large-capitalization American stock according to Goldman Sachs’ most recent analysis, calculated by short interest as a percentage of market capitalization.

Strategy-Related Products Attract European Market Attention

The GIF debut occurred alongside considerable activity surrounding Strategy-connected financial products. On Wednesday, 21Shares unveiled a new exchange-traded product offering European market participants access to STRC, Strategy’s variable-rate perpetual preferred equity.

The 21Shares Strategy Yield ETP commenced trading on Euronext Amsterdam under ticker STRC NA on Thursday. Strategy characterizes STRC as a digital credit instrument offering an 11.25% annual dividend payment.

This product connects directly to Strategy’s Bitcoin reserves and represents a component of the company’s broader initiative to create fixed-income instruments backed by its BTC treasury assets.

Also on Wednesday, Prevalon Energy and Anchorage Digital both revealed they had committed portions of their corporate balance sheets to STRC investments. Neither organization provided specific details regarding allocation sizes.

Understanding GIF ETF Distribution Mechanics

Revenue generated by the GIF ETF originates from covered call premiums accumulated across all nine component funds. Each underlying ETF intends to allocate this revenue through weekly distribution schedules.

The 1.25x leverage factor means the fund magnifies both positive and negative returns relative to direct equity ownership. Participants sacrifice a portion of potential appreciation in return for consistent premium revenue streams.

REX Shares has not published a projected yield figure for GIF. The fund’s weekly payouts will fluctuate based on prevailing market volatility levels and option pricing dynamics.

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