Direxion launches two ETFs, LMBO and REKT, tracking the performance of US stocks in the cryptocurrency sector

On July 18th, according to an official announcement, ETF issuer Direxion announced the launch of Direxion Daily Crypto Industry Bull 2X Shares (ticker: LMBO) and Direxion Daily Crypto Industry Bear 1X Shares (ticker: REKT). LMBO and REKT seek to achieve daily investment results that correspond to either 200% or the opposite direction of 100% of the performance of the Solactive Distributed Ledger and Decentralized Payment Technology Index before fees and expenses. The index aims to track the performance of U.S.-listed securities operating in the field of distributed ledger or decentralized payment technology, including business areas such as Blockchain technology, NFTs, decentralized finance, and digital asset mining hardware.