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.