Direxion has launched two new leveraged exchange-traded funds (ETFs) for the crypto industry, named LMBO and REKT. LMBO offers a 200% return tied to a crypto industry index, while REKT provides a 100% inverse return. These ETFs aim to allow traders to express short-term conviction on companies building the future of the crypto-driven economy.
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LMBO and REKT: Direxion debuts leveraged ETFs tracking crypto equities
Direxion has launched two new leveraged exchange-traded funds (ETFs) for the crypto industry, named LMBO and REKT. LMBO offers a 200% return tied to a crypto industry index, while REKT provides a 100% inverse return. These ETFs aim to allow traders to express short-term conviction on companies building the future of the crypto-driven economy.