Direxion Daily Crypto Industry Bear 1X ETF

Frequently Asked Questions About REKT

What does REKT invest in?

The Direxion Daily Crypto Industry Bull 2X and Bear 1X ETFs seek daily investment results, before fees and expenses, of 200%, or 100% of the inverse (or opposite), of the performance of the Solactive Distributed Ledger & Decentralized Payment Tech Index. There is no guarantee the funds will achieve their stated investment objectives.

What is the expense ratio of REKT?

Direxion Daily Crypto Industry Bear 1X ETF (REKT) charges an expense ratio of 1.83%. This is the annual fee deducted from fund assets to cover management and operations.

Is REKT a good long-term hold?

REKT is a inverse fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does REKT's daily reset work?

REKT rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is REKT?

Direxion Daily Crypto Industry Bear 1X ETF (REKT) manages $2.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is REKT actively managed or an index fund?

REKT's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.