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Direxion expanded its lineup of leveraged and inverse exchange-traded funds on Wednesday with the launch of four new products tied to precious metals and cryptocurrencies, underscoring growing investor demand for tactical exposure to volatile asset classes.
The new funds — Direxion Daily Gold Bull 2X ETF (NYSE:UGLD), Direxion Daily Silver Bull 2X ETF (NYSE:USLV), Direxion Daily Bitcoin Bull 2X ETF (NYSE:BTCU) and Direxion Daily Ether Bull 2X ETF (NYSE:EVMU)— are designed to deliver 200% of the daily performance of ETFs tracking gold, silver, Bitcoin (CRYPTO: BTC) and Ether (CRYPTO: ETH), respectively.
- Direxion Daily Gold Bull 2X ETF shares are showing limited movement. What should traders …
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