Odaily Planet Daily News Direxion has launched two high-risk leveraged cryptocurrency ETFs, namely: Direxion Daily Crypto Industry Bull 2X Shares (Stock Code: LMBO) and Direxion Daily Crypto Industry Bear 1X Shares (Stock Code: REKT). Leveraged exchange-traded funds, such as Direxion's latest fund, use financial derivatives and debt to amplify the daily returns of underlying securities. Traditional ETFs typically track the securities in their underlying index on a one-to-one basis, while leveraged funds may target a 2:1 (or higher) ratio. Edward Egilinsky, Managing Director of Direxion, said: "Crypto stocks are among the fastest growing companies in the world and currently represent an asset class of nearly $3 trillion. LMBO and REKT provide traders with concentrated investment opportunities to express their short-term confidence in companies that are building the future of the crypto-driven, decentralized economy."