New Crypto Industry-Tied ETFs Evoke ‘Lambos’ and Getting ‘Rekt’

Crypto fans — and critics — are getting a new way to juice their bets on the stocks underlying the blockchain.

Direxion, which oversees more than $40 billion in assets via its lineup of leveraged and inverse products, is launching a pair of exchange-traded funds with some memorable tickers that will allow traders to bet on, or against, the digital asset industry as a whole.

The Direxion Daily Crypto Industry Bull 2X Shares (ticker LMBO) will use derivatives to double the performance of an index of distributed ledger and decentralized payment technology companies while the Direxion Daily Crypto Industry ...