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 watch with UGLD?
The launches arrive at a time when traders are increasingly rotating toward alternative assets amid inflation concerns, geopolitical tensions and continued momentum in crypto markets.
Direxion Chief Product Officer Mo Sparks said the products are aimed at active traders looking for "precise tools" to express short-term views across metals and digital assets. He added that Bitcoin and Ethereum remain driven by ETF flows, the halving cycle and regulatory developments, while gold and silver continue to react to central bank buying, real-rate sensitivity and movements in the gold-silver ratio.
The funds may appeal to investors with a high risk tolerance seeking amplified exposure to markets that have seen heightened volatility following the escalating conflict in the Middle East.
Key Features Of Direxion's New Leveraged ETFs
Direxion Daily Gold Bull 2X ETF (UGLD)
-Net expense ratio: 1.07%
-Targets 200% of the daily performance of ETFs tied to gold prices
-Initial reference fund: SPDR Gold Trust (NYSE:GLD)
Direxion Daily Silver Bull 2X ETF (USLV)
-Net expense ratio: 1.10%
-Seeks 2x the daily performance of silver-linked ETFs
-Initial reference fund: iShares Silver Trust (NYSE:SLV)
Direxion Daily Bitcoin Bull 2X ETF (BTCU)
-Net expense ratio: 1.13%
-Aims to deliver 200% of the daily results of bitcoin-linked ETFs
-Initial reference fund: iShares Bitcoin Trust ETF (NASDAQ:IBIT)
Direxion Daily Ether Bull 2X ETF (EVMU)
-Net expense ratio: 1.03%
-Targets 2x the daily performance of ether-linked ETFs
-Initial reference fund: iShares Ethereum Trust ETF (NASDAQ:ETHA)
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