REX Shares Crypto ETF GIF Launch and BTC Analysis

US-based asset manager REX Shares has launched the GIF ETF, which combines leveraged covered-call strategies linked to nine individual stocks, including crypto-related stocks like Coinbase (COIN) and MicroStrategy (MSTR), into a single income-focused product. The fund holds equal-weighted positions in REX's existing Growth & Income ETFs, which target approximately 1.25x exposure to each stock and generate option premium income by writing covered calls on a portion of the portfolio. GIF trades on Cboe Global Markets and makes weekly income distributions.

REX GIF ETF Brings New Allocations to Crypto Stocks

The development occurred in a week with new allocations to MicroStrategy-linked securities. 21Shares listed an ETP providing European investors exposure to MicroStrategy's variable-rate perpetual preferred stock STRC on Euronext Amsterdam with the ticker STRC NA. Prevalon Energy and Anchorage Digital allocated a portion of their corporate treasuries to STRC. MicroStrategy is defined as the largest institutional Bitcoin holder with 717.722 BTC (approximately 3.4% of total supply). The company stock has lost 60% in the last six months, 50% over the past year, and ranks as the most shorted large-cap US stock by market cap in Goldman Sachs rankings.

Strategy’s BTC holdings over time. Source: Bitbo.io.

Source: Yahoo Finance.

Critical Support and Resistance Levels for BTC

BTC price is currently at $66,993, down 3.31% in 24 hours, in a downtrend (RSI: 39.92). Recent news shows BTC PERP up 8.40%, forming a positive weekly candle. GD Culture Group's use of its 7,500 BTC reserve for share buybacks could increase institutional demand.

• Supports: S1: $65,719 (⭐ Strong, -1.38%) | S2: $63,415 (⭐ Strong, -4.84%)
• Resistances: R1: $68,141 (⭐ Strong, +2.25%) | R2: $78,962 (⭐ Strong, +18.49%)

For more, check BTC detailed analysis and BTC futures.

Frequently Asked Questions About BTC and Crypto ETFs

• How much income does the GIF ETF distribute? It targets 1.25x leveraged returns with weekly option premiums.
• How much is MicroStrategy's BTC holding? 717.722 BTC, 3.4% of total supply.
• Will BTC exit the downtrend? With RSI 39.92, it may signal recovery at supports; PERP rise is positive.

News like the UAE's major bank's BTC move strengthens ALT coin analyses.