Rex Shares launches covered call ETF with Coinbase, Strategy exposure

U.S. asset manager Rex Shares has launched a leveraged covered call ETF that includes crypto-related stocks such as Coinbase and Strategy, Cointelegraph reported. The fund, which employs a strategy of buying an underlying asset while simultaneously selling a call option on it, aims for 1.25x exposure to its holdings. Other stocks in the fund include Nvidia (NVII), Tesla (TSII), Robinhood (HOII), Palantir (PLTI), CoreWeave (CWII), Eli Lilly (LLII), and Walmart (WMTI).