According to Odaily, Direxion has introduced two high-risk leveraged cryptocurrency ETFs: Direxion Daily Crypto Industry Bull 2X Shares (ticker: LMBO) and Direxion Daily Crypto Industry Bear 1X Shares (ticker: REKT). Leveraged exchange-traded funds (ETFs) like Direxion's latest offerings use financial derivatives and debt to amplify the daily returns of the underlying securities. While traditional ETFs typically track the securities in their target index on a one-to-one basis, leveraged funds aim for a ratio of 2:1 or higher.

Edward Egilinsky, Managing Director at Direxion, stated, 'Crypto stocks are among the fastest-growing companies globally, currently representing an asset class of nearly $3 trillion. LMBO and REKT provide traders with focused investment opportunities to express their short-term confidence in companies building a crypto-driven, decentralized economic future.'