Direxion launches LMBO and REKT two ETFs that track the performance of US stocks in the crypto sector

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% of the performance of the Solactive Distributed Ledger and Decentralized Payment Technologies Index, respectively, or 100% in the opposite direction, before deducting fees and expenses. The index is designed to track the performance of U.S.-listed securities doing business in the distributed ledger or decentralized payment technology space, including the following business areas: blockchain technology, NFT, decentralized finance, and digital asset mining hardware.