Direxion Launches Two New Crypto ETFs: One For Bulls, One For Bears

Direxion, a prominent provider of tradeable and thematic ETFs, has announced the launch of two innovative funds: the Direxion Daily Crypto Industry Bull 2X Shares (NYSE:LMBO) and the Direxion Daily Crypto Industry Bear 1X Shares (NYSE:REKT). These funds offer traders opportunities to capitalize on the crypto industry’s rapid growth or hedge against potential downturns.

Leveraged Exposure To Crypto Industry

LMBO and REKT are designed to provide exposure to 200% and -100% of the daily performance of the Solactive Distributed Ledger & Decentralized Payment Tech Index, respectively. This index tracks the performance of U.S.-listed companies engaged in blockchain technology, non-fungible tokens, decentralized finance, and digital asset mining hardware.

"Crypto equities are among the fastest-growing companies in the world, now representing an almost $3 trillion asset class," said Direxion Managing Director Edward Egilinsky. "LMBO and REKT provide focused exposure for traders to express their short-term conviction on companies building the future of a crypto-driven, decentralized economy."

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Tools To Put Your Crypto Strategy At Play

The introduction of these ETFs comes at a time when the global market landscape is rapidly evolving. The crypto industry continues to show promising growth, and Direxion aims to equip traders with timely tools to navigate the shifting dynamics of the financial markets.

LMBO and REKT offer unique opportunities for traders to align their strategies with the crypto sector’s performance. With LMBO, bullish traders can amplify their gains from the sector’s upswings, while REKT allows bearish traders to benefit from market corrections. This dual offering provides flexibility and precision in managing investments in an industry known for its volatility and rapid innovation.

As the crypto industry progresses, Direxion offers products that meet the needs of modern traders. Leveraged crypto ETFs, LMBO and REKT, underscore this commitment, providing powerful vehicles for those looking to engage with the future of digital finance.

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