Direxion Daily Crypto Industry Bear 1X Shares

REKT tracks -1x the daily price movements of a market cap-weighted index of US companies involved in blockchain technology, NFT, decentralized finance, and digital asset mining hardware.

Direxion Daily Crypto Industry Bull 2X Shares

Editor's note: Any and all references to time frames longer than one trading day are for purposes of market context only, and not recommendations of any holding time frame. Daily rebalancing ETFs are not meant to be held unmonitored for long periods.

Crypto Bulls: About to Go LMBO, or About to Get REKT?

Since its inception in mid-July, the Direxion Daily Crypto Industry Bear 1X Shares (REKT) has gained just over 8% and more could come if history repeats itself when it comes to the “September Effect.” After an August 5 sell-off, the S&P 500 has largely recovered en route to its upward trajectory.

September Effect Could Push This Bearish Crypto ETF Higher

Direxion Daily NVDA Bear 1X Shares

ProShares Short QQQ

Typically, the response to a market downturn is to wait for the red ink to subside, then to pick up the discount. However, there's another way to play bearish cycles and that is to consider exchange-traded funds that profit on downcycles.

3 Inverse ETFs to Take Advantage of the Downturn

On Wednesday, Direxion unveiled its latest strategic pair of leveraged and inverse ETFs. The new funds, the Direxion Daily Crypto Industry Bull 2X Shares (LMBO) and the Direxion Daily Crypto Industry Bear 1X Shares (REKT), focus on the crypto industry.

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