More high-risk leveraged crypto ETFs hit the market | Headlines | News | CoinMarketCap

07/19/2024 01:02
More high-risk leveraged crypto ETFs hit the market | Headlines | News | CoinMarketCap

This week, a couple more leveraged funds to play crypto have hit the market. Direxeion, well-known for its leveraged exchange-traded funds, launched …

This week, a couple more leveraged funds to play crypto have hit the market.

Direxeion, well-known for its leveraged exchange-traded funds, launched a bullish and bearish product on Wednesday with aptly-tickered stocks: the Direxion Daily Crypto Industry Bull 2X Shares (ticker: LMBO) and the Direxion Daily Crypto Industry Bear 1X Shares (REKT).

The ETFs seek to track the performance of U.S.-listed securities that operate in blockchain technology, non-fungible tokens, decentralized finance and digital asset mining hardware sectors, among others. They will provide plus-200% or negative-100% daily exposure to core crypto infrastructure.

“Crypto equities are among the fastest-growing companies in the world, now representing an almost $3 trillion asset class,” Direxion Managing Director …

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