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Direxion Launches Leveraged ETFs for Cryptocurrency Industry Exposure

By Editorial Staff•
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TL;DR

Direxion launches LMBO and REKT, ETFs for 2x or 1x daily exposure to crypto industry, providing opportunities for quick gains.

LMBO and REKT ETFs track Solactive Index, offering 2x/1x daily results before fees, for US-listed crypto-related securities, such as blockchain and NFTs.

Direxion's LMBO and REKT ETFs support the growth of the crypto industry, providing traders with vehicles to express short-term conviction and align with shifting dynamics.

Crypto equities are a $3 trillion asset class, and LMBO and REKT ETFs offer a focused exposure for traders to express short-term conviction.

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Direxion Launches Leveraged ETFs for Cryptocurrency Industry Exposure

Direxion has announced the launch of two new exchange-traded funds (ETFs), the Direxion Daily Crypto Industry Bull 2X Shares (LMBO) and the Direxion Daily Crypto Industry Bear 1X Shares (REKT), designed to provide investors with leveraged and inverse exposure to the cryptocurrency industry. These ETFs aim to track the Solactive Distributed Ledger & Decentralized Payment Tech Index, focusing on US-listed securities in blockchain technology, NFTs, DeFi, and digital asset mining hardware.

The introduction of LMBO and REKT comes as the cryptocurrency industry sees unprecedented growth, with Edward Egilinsky, Managing Director at Direxion, highlighting the sector's expansion into a nearly $3 trillion asset class. These ETFs are tailored for sophisticated investors, offering tools to navigate the volatile and rapidly evolving crypto market. However, Direxion cautions that these products carry significant risks, including market volatility and leverage risk, and are intended for active traders who can monitor their positions closely.

With the cryptocurrency market's maturation and increasing institutional interest, Direxion's new ETFs represent a significant development in investment products related to digital assets. The company, known for its innovative ETF offerings, provides educational resources to help investors assess the suitability of leveraged ETFs for their strategies. As the financial landscape continues to shift towards digital and decentralized solutions, LMBO and REKT offer a novel way for investors to engage with the crypto sector without direct cryptocurrency ownership.

Investors considering these ETFs should carefully evaluate their investment objectives and risk tolerance, given the complex nature of leveraged and inverse products. Direxion's commitment to developing precise market expression tools underscores the growing demand for sophisticated investment vehicles in the cryptocurrency space. For more information on the risks and opportunities associated with these ETFs, visit https://www.direxion.com.

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Editorial Staff

Editorial Staff

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