Direxion launches two ETFs, LMBO and REKT, that track the performance of U.S. stocks in the cryptocurrency sector

ChainCatcher news, 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 Payment Technologies Index, respectively.

The index aims to track the performance of U.S. listed securities that are involved in the distributed ledger or decentralized payment technologies sectors, including the following business areas: blockchain technology, NFTs, decentralized finance, and digital asset mining hardware.