---
ticker: "EVMU"
name: "Direxion Daily Ether Bull 2X ETF"
url: "https://etf.net/etf/EVMU"
grade: "C"
score: 40
graded_at: "2026-10-12"
category: "2x Long Crypto"
category_rank: "8 of 15"
methodology: "https://etf.net/methodology"
---

# EVMU: Direxion Daily Ether Bull 2X ETF

Grade **C**, Score 40 of 100. Rank 8 of 15 in 2x Long Crypto.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 79 | 4 of 15 |
| Mission | Not scored | — |
| Risk | 85 | 2 of 15 |
| Tradability | 16 | 14 of 15 |
| Holdings | Not scored | — |
| Durability | 24 | 12 of 15 |

## Top holdings

The fund holds 9 positions. These are the largest 9, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Goldman Finl Sq Trsry Inst 506 | 18.88% |
| 2 | — | Etha Swap Asset Leg (Ethactl) | 18.17% |
| 3 | — | Etha Swap Asset Leg (Ethajpl) | 17.43% |
| 4 | — | Etha Swap Asset Leg (Ethagsl) | 16.67% |
| 5 | — | Etha Swap Asset Leg (Ethamll) | 12.04% |
| 6 | — | Dreyfus Govt Cash Man Ins | 7.81% |
| 7 | — | Dreyfus Trsry Securities Cash Mgmt | 6.40% |
| 8 | — | Recv Etha Asset Swap | 1.87% |
| 9 | — | Goldman Sachs Fin Gov 465 Institut | 0.73% |

Source: etf.net, https://etf.net/etf/EVMU. Please cite the page URL.