Home Crypto ETFs Direxion Plans Leveraged ETFs Targeting Volatile Crypto Industry

Direxion Plans Leveraged ETFs Targeting Volatile Crypto Industry

by Shraddha Sharma

Crypto fans hooked on the sector’s wild moves could soon get a new way to wager on those swings: exchange-traded funds that will allow investors to make leveraged bets on digital-asset companies.

The Direxion Daily Crypto Industry Bull 2X Shares would offer two times the daily performance of an underlying index of crypto firms, while the Direxion Daily Crypto Industry Bear 2X Shares would offer two times the inverse, according to an Aug. 26 filing with the US Securities and Exchange Commission. The underlying gauge consists of US-listed companies that have business operations in decentralized finance or distributed-ledger technology. That …

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