Direxion’s Crypto-Focused LMBO And REKT ETFs Offer Contrasting Ways To Play The Blockchain

One of the top reasons investors have gravitated toward cryptocurrency-related assets is the enormous upside potential. On the front-facing side of the blockchain ecosystem, the total value of all virtual currencies was around $1.99 trillion one year ago. Fast-forward to the present, and this metric is up at $3.14 trillion, or an expansion of almost 60%.

Of course, individual cryptos – particularly the meme coins – have witnessed exponentially explosive swings over the past 52 weeks. Thanks to a potent combo of wide proliferation and extreme speculation, digital assets have become increasingly integrated into mainstream society. Helping lift the narrative is the dramatic growth in the number of digital coins and tokens in circulation. In 2013, there were about 66 digital assets. Today, the number has exceeded 10,000.

However, it’s important to note that it’s not just blind speculation that drives the cryptocurrency ecosystem. According to data from Bank of America Private Bank, among wealthy millennials who identify as conservative investors, a surprisingly large number have allocated their wealth to cryptos. On average, this cohort holds 17% of their portfolio in digital assets, potentially representing a generational paradigm shift in risk management.

Even personal …

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