{
 "ticker": "BMNG",
 "name": "Leverage Shares 2X Long BMNR Daily ETF",
 "issuer": "Leverage Shares",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/bmng",
 "html": "https://etfiq.com/funds/bmng",
 "markdown": "https://etfiq.com/funds/bmng.md",
 "as_of": "2026-09-30",
 "verdict": "Three months to Sep 30, 2026: BMNG returned +176.3% where its own daily promise gave +198.0%, 21.7 points short.",
 "key_facts": [
  {
   "key": "what_bmnr_did",
   "label": "What BMNR did",
   "value": "+86.8%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "BMNG, what BMNR did: +86.8%, as of Sep 30, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What 2 times a day gives",
   "value": "+198.0%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "BMNG, what 2 times a day gives: +198.0%, as of Sep 30, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "+176.3%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "BMNG, what the fund returned: +176.3%, as of Sep 30, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u221221.7 pts",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "BMNG, the fund itself cost: \u221221.7 pts, as of Sep 30, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$55m",
   "source": "issuer page, as of Sep 29, 2026",
   "as_of": "2026-09-30",
   "sentence": "BMNG, net assets: $55m (issuer page, as of Sep 29, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.78%",
   "source": "485BPOS XBRL, Feb 27, 2026",
   "as_of": "2026-09-30",
   "sentence": "BMNG, expense ratio: 0.78% (485BPOS XBRL, Feb 27, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of BMNR, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+2.03 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "BMNR",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$55m",
   "source": "issuer page, as of Sep 29, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.78%",
   "source": "485BPOS XBRL, Feb 27, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Oct 27, 2025",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "81% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u22120.5%",
   "BMNR": "+4.4%",
   "+2x the move": "+8.8%",
   "Difference": "\u22129.3 pts",
   "BMNR moved about": "87%"
  },
  {
   "window": "3 months",
   "Fund": "+176.3%",
   "BMNR": "+86.8%",
   "+2x the move": "+173.6%",
   "Difference": "+2.8 pts",
   "BMNR moved about": "81%"
  },
  {
   "window": "6 months",
   "Fund": "+16.8%",
   "BMNR": "+34.2%",
   "+2x the move": "+68.5%",
   "Difference": "\u221251.6 pts",
   "BMNR moved about": "75%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221291.7%",
   "BMNR": "\u221250.8%",
   "+2x the move": "\u2212101.6%",
   "Difference": "+9.8 pts",
   "BMNR moved about": "92%"
  }
 ],
 "questions": [
  {
   "q": "Did BMNG return +2 times BMNR?",
   "a": "Over the window to Sep 30, 2026, BMNR moved +86.8% and BMNG returned +176.3%. 2 times that move is +173.6%, so the fund came out 2.8 points ahead of it."
  },
  {
   "q": "Why does BMNG not return +2 times over a year?",
   "a": "Because it resets daily. BMNG aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get."
  },
  {
   "q": "Which +2x BMNR ETF tracked its stated multiple most closely?",
   "a": "3 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the figure itself."
  }
 ],
 "generated": "2026-10-01",
 "license": "https://etfiq.com/license/",
 "license_text": "Free to use with attribution. ETFIQ (etfiq.com)."
}