direxion

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.

ChainCatcher news, Bloomberg ETF analyst James Seyffart stated that Direxion has joined the ranks of applications for leveraged Bitcoin ETF products, having submitted applications for five funds. These funds include 2x leveraged, -2x inverse leveraged, 1.5x leveraged, -1.5x inverse leveraged, and -1x inverse leveraged Bitcoin ETFs. This move also means that Direxion will compete with Rex Shares and ProShares, which have submitted similar applications.

ChainCatcher news, ETF issuer Direxion has submitted a Bitcoin and Ethereum futures ETF application to the U.S. Securities and Exchange Commission (SEC). The product is named "Direxion Bitcoin Ether Strategy ETF," which will invest in Bitcoin and Ethereum futures contracts, while also being able to invest in other ETFs with futures product exposure.

ChainCatcher news, Bloomberg senior ETF analyst Eric Balchunas tweeted that the ETF issuer Direxion has submitted an Ethereum ETF application to the SEC.According to the image of the prospectus he shared, the fund is named "DIREXION ETHER STRATEGY ETF" and plans to be listed on the New York Stock Exchange Arca, Inc. The SEC is currently reviewing the application. (Source link)