
What SoFi Technologies (SOFI)'s New 2X Leveraged ETF And Record Revenue Milestone Means For Shareholders

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SoFi Technologies has launched the Direxion Daily SoFi Bull 2X ETF, providing traders with double the daily exposure to its stock. This comes as SoFi reports record quarterly revenue exceeding $1 billion and net income of $174 million. The ETF launch highlights SoFi's growth into a full-service digital bank, although it does not alter the company's fundamental story. Analysts project significant revenue growth, with some estimating earnings could reach $1.6 billion by 2028. Investors should consider potential risks related to credit quality and competition.
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