Key stats
About Direxion Shares ETF Trust Direxion Daily Crypto Industry Bull 2X Shares
Expense ratio
1.07%
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Inception date
Jul 17, 2024
LMBO is a bullish one-day bet on the crypto industry, designed to provide double the daily returns of its underlying index. The index tracks the performance of US-listed companies engaged in distributed ledger or decentralized payment technologies. To be eligible for inclusion, a company must derive at least 50% of its revenue from crypto industry businesses, including blockchain technology, non-fungible tokens (NFT) & tokenization, decentralized finance, and digital asset mining hardware. The index includes a minimum of 25 companies, selected using a proprietary natural language processing algorithm that ranks them based on exposure to these themes. As a leveraged product with daily resets, the fund is intended primarily as a short-term trading tool rather than a long-term investment vehicle. Investors should note that the fund does not invest directly in cryptocurrency, non-fungible tokens, or other digital assets.
Classification
What's in the fund
Exposure type
Mutual fund
Cash
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.