Direxion Daily Crypto Industry Bear 1X ETF
REKT
New York Stock Exchange Arca- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1301 Avenue of the Americas, 28th Floor New York City NY United States of America 10019
- IPO Date
- Jul 17, 2024
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Daily Crypto Industry Bear 1X Shares (REKT) is an exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 100% of the inverse (or opposite) of the performance of the Solactive Distributed Ledger & Decentralized Payment Tech Index. The fund provides short-term tactical exposure to the inverse performance of U.S.-listed securities involved in distributed ledger and decentralized payment technologies, including blockchain infrastructure, non-fungible tokens (NFTs), decentralized finance (DeFi), and digital asset mining hardware; it employs derivatives such as swaps and futures, alongside short positions in stocks and cash equivalents like Treasury instruments. Launched on July 17, 2024, REKT operates as a series of Direxion Shares ETF Trust, an open-ended investment company domiciled in the United States with principal executive offices at 535 Madison Avenue, 37th Floor, New York, New York. The fund targets sophisticated investors seeking leveraged inverse strategies for single-day trading in the crypto-related equity sector, with a net expense ratio of 0.49% (after waivers through September 1, 2026, by adviser Rafferty Asset Management, LLC); it does not aim to deliver inverse performance over periods longer than one day due to compounding effects. Holdings typically include swaps on the benchmark index (e.g., Crypto Bull & Bear ETF Swap), U.S. Treasury funds from Goldman Sachs, and short allocations to crypto industry equities, with cash equivalents comprising a significant portion for collateral. In recent developments, Direxion expanded its ETF suite with the simultaneous launch of the companion Direxion Daily Crypto Industry Bull 2X Shares (LMBO) on July 17, 2024, marking the firm's entry into crypto equity-focused leveraged products amid a nearly $3 trillion digital asset market. The issuer has continued active innovation, including new single-stock leveraged and inverse ETFs on Berkshire Hathaway and Palantir in December 2024, and the Direxion Titans suite targeting top U.S. sector leaders in October 2025; additionally, REKT declared quarterly income distributions, such as $0.27651 per share in June 2025 and $0.2483 in December 2024. Direxion, founded in 1997, manages approximately $48.6 billion in assets across leveraged and inverse ETFs, with operations centered in New York and additional offices in the U.S. and Hong Kong.