Direxion Launches ETFs Tracking the Performance of CryptocurrencyRelated US Stocks LMBO and REKT

On July 18th, according to an official announcement, ETF issuer Direxion has announced 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 daily investment results, before fees and expenses, that correspond to 200% or 100% of the performance of the Solactive Distributed Ledger and Decentralized Payment Technology Index, respectively. The index aims to track the performance of U.S.-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.