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Launched · SEC filings

Leverage Shares 2x Long BMNR Daily ETF

BMNGNasdaqLeverageSharesCThis 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.

$14.43−1.01 (−6.56%)

At close: Nov 2, 2026, 4:00 PM ET

C54/ 100

Rank 72 of 380 in Single-Stock Long Leveraged

C54/100Rank 72 of 380inSingle-Stock Long Leveraged
Intraday session: down, 79 prints from 15.44 to 14.43. Range 14.36 to 16.49. Use the arrow keys to read each point.15.0016.0016.5010 AM12 PM2 PM4 PM
Expense ratio
0.78%
Fund size
$31M
1Y total return
−94.3%
Yield · Last 12 months
No data
Holdings
6
Avg volume · 30D
680K sh
52W range
low $8.39high $229.40
Launched
Filings
SEC EDGAR

The ETF.net BMNG Grade

Based on 5 of 6 pillars

C

Score 54 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
72 of 380
Six-pillar profile for BMNG. Scores out of 100: Cost 60, Risk 23, Mission 86, Tradability 75, Holdings not scored, Durability 61. Strongest: Mission (86). Weakest: Risk (23). Based on 5 of 6 pillars.

Score 54 of 100 falls in the C 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.
    B60 out of 100
    Rank 147 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A86 out of 100
    Rank 99 of 150

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F23 out of 100
    Rank 333 of 368

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A75 out of 100
    Rank 59 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.
    B61 out of 100
    Rank 122 of 380

Our read on BMNG

ETF.net Research

In short

CBitMine's balance sheet is mostly Ethereum. BMNG aims to deliver 200% of that stock's daily move, so you are stacking leverage on something that already trades like a crypto proxy. Fee: 0.78%, no waiver.

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

  • One job, stated plainly: 200% of BitMine stock's daily move, reset every day. No stock picking, no index to second-guess.
  • 0.78% all-in, with no waiver propping up the number, which lands below the typical fee in the single-stock leveraged category.
  • Actively traded, and it has stayed close to its stated daily target, which is more than you can say for every ticker in this crowded field.

Worth knowing

  • The 2x target resets daily. Through a choppy stretch, results can drift well away from twice the stock's move over that same span.
  • BitMine already swings with Ethereum, which it holds in size. Doubling that daily puts BMNG among the most volatile things on a US exchange.prnewswire.com
  • Launched in 2025, so the track record is short, and it makes no distributions. The whole case here is price movement.

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.
BMNG$574
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. BMNG $574. SPY $11,146. Use the arrow keys to read each point.$0$5,000$10,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 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−77.3%
1 month−48.4%
3 months+3.5%
1 year−94.3%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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−77.3%
2025−81.4%

Since listing, Oct 27, 2025

BMNG in the news

BMNG Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

BMNG Risk

Risk pillarF23 out of 100Rank 333 of 368 in Single-Stock Long Leveraged

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.
168.0%
Annualised · 12 months to Oct 2026
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.
−0.80
vs 3-month T-bills · 12 months to Oct 2026
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.
−97.3%
12 months · trough Jun 2026
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.

FMP measures it over up to five years of monthly returns.

BMNG Cost

Compare BMNG and GOGL

Overpaying vs GOGL, tied cheapest in Single-Stock Long Leveraged

$10,847

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BMNG 0.78%

    $15,002

  • GOGL 0.20% Tied cheapest

    $4,155

$10,000
30 years

Cost over time

  • BMNG 0.78%
  • GOGL 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530BMNG $15,002GOGL $4,155

Year by year

YearBMNGGOGLOverpaying
10$1,388$365$1,023
20$5,268$1,421$3,847
30$15,002$4,155$10,847

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