Direxion launches LMBO and REKT, two ETFs tracking the performance of US stocks in the crypto space

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