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

Odaily News ETF issuer Direxion announces 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 of 200% or 100% of the performance of the Solactive Distributed Ledger and Decentralized Payment Technology Index, respectively, before fees and expenses. The index is designed to track the performance of U.S.-listed securities operating in the distributed ledger or decentralized payment technology sectors, including the following business sectors: blockchain technology, NFTs, decentralized finance, and digital asset mining hardware.