Direxion Launches Two New Crypto ETFs: One For Bulls, One For Bears
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 17 2024
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Source: Benzinga
- Direxion Launches New Crypto ETFs: Direxion has introduced two new innovative funds, LMBO and REKT, allowing traders to capitalize on the crypto industry's growth or hedge against downturns by tracking the performance of U.S.-listed companies in blockchain technology and digital assets.
- Market Landscape and Opportunities: The introduction of these ETFs comes amidst a rapidly evolving global market landscape, offering unique opportunities for traders to align their strategies with the crypto sector's performance and manage investments in a volatile industry.
Analyst Views on REKT
Wall Street analysts forecast REKT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for REKT is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 16.907
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Current: 16.907
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
