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BMNG

GradeCNASDAQ Global Select

Leverage Shares 2x Long BMNR Daily ETF

Leveraged · Single-Stock Leveraged · LeverageShares · Inception 2025-10-27

This 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.

$31.00−2.80 (−8.28%)

As of Sep 23, 2026, 2:18 PM EDT

History starts Oct 27, 2025.History starts Oct 27, 2025.
Intraday session: down, 58 prints from 33.80 to 31.00. Range 30.55 to 33.31. Use the arrow keys to read each point.$32.00$33.0010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$68M
1Y return
—
Yield · Last 12 months
—
Holdings
6
Volume · 30D
0.7M sh
NAV per share
$32.75
52W range
low $8.39high $347.00

The ETF.net BMNG Grade

C

54/ 100

Rank 67 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for BMNG. Scores out of 100: Cost 67, Risk 21, Mission 88, Tradability 61, Holdings not scored, Durability 63. Strongest: Mission (88). Weakest: Risk (21). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 54 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 67
    Category rank101/380 · top 27%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 88
    Category rank94/147 · mid-pack

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    FScore 21
    Category rank268/285 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 61
    Category rank129/380 · top 34%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 63
    Category rank111/380 · top 29%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on BMNG

ETF.net Research

CBitMine 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 Sep 21, 2026, 6:58 PM
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$2M147
006—BITMINE IMMERSION TECHNOLOGIES, INC.-SWAP-NBCB-L2.46%46,500$1M1

Showing 1–6 of 6 holdings

BMNG Performance

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

BMNG$5,314
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. BMNG $5,314. SPY $11,430. Use the arrow keys to read each point.$373$8,076$15,779Dec 2025May 2026Sep 2026

Dec 31, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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−46.9%
1 month+44.6%
3 months+157.0%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per 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−46.9%
2025−81.4%

Since listing, Oct 27, 2025

BMNG in the news

ETF.net Research hasn’t filed on BMNG yet — coverage lands here as it’s written.

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 Sep 22, 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%

85 of the 329 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.