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 to achieve daily investment results, before fees and expenses, of 200% or 100% of the performance of the Solactive Distributed Ledger and Decentralized Payments Technology Index, respectively, in the opposite direction. 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 sectors: blockchain technology, NFTs, decentralized finance, and digital asset mining hardware.
