REKT

Direxion Daily Crypto Industry Bear 1X Shares

$18.18

+0.00%

Market closed. Last update: 10:52 PM ET

📎 Investment Objective

The Direxion Daily Crypto Industry Bear 1X Shares ETF (REKT) seeks to provide daily investment results that correspond to the inverse (-1x) of the daily performance of the Indxx Crypto Industry Index.

Overview

ETF tracking Direxion Daily Crypto Industry Bear 1X Shares

Category Inverse

Issuer Other

Inception Date 2024-07-17

Market Cap $1.8M

Average Volume N/A

Dividend Yield 5.10%

52-Week Range $13.94 - $31.70

VWAP $18.14

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund uses a range of financial instruments, such as swap agreements and futures contracts, to provide inverse exposure to the Indxx Crypto Industry Index. This index tracks the performance of companies that derive a significant portion of their revenue from the cryptocurrency industry.

✨ Key Features

Provides inverse (-1x) exposure to the cryptocurrency industry
Aims to generate returns that are the opposite of the daily performance of the underlying index
Designed for short-term, tactical trading rather than long-term investment
Relatively low expense ratio of 0.00%

⚠️ Primary Risks

Inverse and leveraged ETFs can be highly volatile and may not perform as expected over periods longer than a single day
Exposure to the cryptocurrency industry, which is a relatively new and speculative market
Counterparty risk associated with the use of derivatives and other financial instruments
Lack of long-term performance history, as the fund was recently launched

👤 Best For

This ETF is designed for experienced, short-term traders who are seeking to capitalize on declines in the cryptocurrency industry. It is not suitable for long-term investors or those with a low risk tolerance, as it can be highly volatile and may not achieve its stated objective over extended periods.