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Launched · SEC filings

Leverage Shares 2x Long BMNR Daily ETF

BMNGNasdaqBThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$22.10−0.52 (−2.28%)

At close: Oct 13, 2026, 4:00 PM

B57/ 100

Rank 52 of 380 in Single-Stock Long Leveraged

B57/100Rank 52 of 380inSingle-Stock Long Leveraged
Intraday session: down, 67 prints from 22.62 to 22.10. Range 21.80 to 22.90. Use the arrow keys to read each point.21.8022.4022.8010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$41M
1Y total return
—
Yield · Last 12 months
—
Holdings
6
Avg volume · 30D
0.7M sh
NAV per share
$23.05
52W range
low $8.39high $347.00
Launched
Filings
SEC EDGAR

The ETF.net BMNG Grade

Based on 5 of 6 pillars

B

Score 57 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
52 of 380
Six-pillar profile for BMNG. Scores out of 100: Cost 67, Risk 16, Mission 88, Tradability 76, Holdings not scored, Durability 62. Strongest: Mission (88). Weakest: Risk (16). Based on 5 of 6 pillars.

Score 57 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B67 out of 100
    Rank 87 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A88 out of 100
    Rank 93 of 148

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F16 out of 100
    Rank 347 of 363

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A76 out of 100
    Rank 58 of 380

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B62 out of 100
    Rank 116 of 380

Our read on BMNG

ETF.net Research

BBitMine is already a leveraged bet on ether: a treasury company whose shares swing with the coin it hoards. BMNG doubles that swing, every day, at a fee that undercuts the typical 2x single-stock fund.

Stated mandate

The fund seeks daily investment results, before fees and expenses, corresponding to 200% of the daily performance of BitMine stock, identified as BMNR.

Why people hold it

  1. 01At 0.75% a year, it undercuts the 1.01% median for leveraged single-stock funds and sits in the cheapest tier of the aisle.
  2. 02The mandate is blunt: 200% of BitMine's daily move, before fees and expenses. No discretion, no overlay, no mystery about what you own.leverageshares.com
  3. 03Tracking to that 2x daily target has been tight, one of the stronger implementations in a crowded leveraged cohort.
  4. 04It trades actively, which matters most on the days you want out of something this fast-moving.

Worth knowing

  1. 01The 2x resets every day. Hold through a choppy stretch and the result can drift a long way from twice the stock's move over that same window.
  2. 02BitMine holds ether as its main treasury asset, so the shares already swing with crypto. This fund doubles that. Two amplifiers in series.investing.com
  3. 03It launched in 2025, so there is no record here through a full crypto cycle.

BMNG Holdings

As of Oct 11, 2026
Asset class
Stocks
Holdings
6
Top-10 weight
204%
Largest holding
Bitmine Immersion Tecnologies Com New Swap Mar133.1%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Bitmine Immersion Tecnologies Com New Swap Mar133.06%2,517,604$57M1
002—Bitmine Immersion Swap Cantor26.38%499,192$11M1
003—Bitmine Immersion Swap Cs24.78%468,787$11M1
004—Bitmine Immersion Technologies, Inc.-Swap-Jnst-L13.39%253,276$6M1
005—First American Treasury Obligations Fund 01/01/20404.24%1,830,540$2M151
006—Bitmine Immersion Technologies, Inc.-Swap-Nbcb-L2.46%46,500$1M1

Showing 1–6 of 6 holdings

BMNG Performance

Launched Oct 27, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
BMNG$3,557
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,500
Dec 31, 2025 to Oct 12, 2026. BMNG $3,557. SPY $11,500. Use the arrow keys to read each point.$373$8,076$15,779Dec 2025May 2026Oct 2026

Dec 31, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for BMNG. Periods over one year show the average yearly return.
PeriodBMNG
Year to date−64.4%
1 month−15.1%
3 months+101.1%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for BMNG
YearReturn barBMNG
2026 YTD−64.4%
2025−81.4%

Since listing, Oct 27, 2025

BMNG in the news

Filtered to BMNG · Single-Stock Long Leveraged

BMNG Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Oct 2025. No distributions yet.

BMNG Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Oct 2025; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Oct 2025; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Oct 2025; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.83
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

BMNG Cost

Expense ratio0.75%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

86 of the 333 Single-Stock Long Leveraged funds charge less.

BMNG costs $75.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.

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