Direxion launches two ETFs, LMBO and REKT, tracking the performance of US stocks in the encryption field

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BlockBeats News, on July 18th, according to an official announcement, 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 of 200% of the performance of the Solactive Distributed Ledger and Decentralization Payment Technology Index or 100% of the opposite direction, before deducting fees and expenses. The index aims to track the performance of US-listed securities operating in the field of Distributed Ledger or Decentralization Payment Technology, including the following business areas: blockchain technology, non-fungible tokens, decentralized finance, and digital asset mining hardware.

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