According to ChainCatcher, ETF issuer Direxion announced the launch of Direxion Daily Crypto Industry Bull 2X Shares (code: LMBO) and Direxion Daily Crypto Industry Bear 1X Shares (code: REKT).
LMBO and REKT seek to achieve daily investment results that, before fees and expenses, achieve 200% of the performance of the Solactive Distributed Ledger and Decentralized Payment Technology Index or 100% of its opposite, respectively.
The index is designed 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.
