# ETNG Bid-Ask Spread, Liquidity and NAV Premium

> As of Oct 22, 2026, ETNG’s median bid-ask spread over 30 days was 0.51%. A $10,000 order costs about $26 one way.

Data as of Oct 22, 2026. Rebuilt every trading night.

As of Oct 22, 2026. Rebuilt every trading night.

## ETNG bid-ask spread and liquidity

As of Oct 22, 2026, ETNG’s median bid-ask spread over 30 days was 0.51%.

### IQ Liquidity Score

Not scored, 1 of 6 measured.

A fixed 0 to 100 scale of trading conditions, the same anchors for every fund; 100 is the easiest to trade. It measures how cheaply and reliably the fund can be bought and sold, not whether to own it. How the score is built

Cost to trade, 29.7 0.51% median spread, 30 days to Oct 22, 2026 Capacity Not measured: its reference, ETN, is neither a listed stock nor a fund ETFIQ reads the holdings of Price fidelity Not measured: 5 days of closing premium are held, under the 20 needed Primary market Not measured: it first traded on 2026-05-12, and no N-CEN ETF row for series S000104249 is in the quarters read (2024q4 to 2026q3) Bad-day behaviour Not measured: 0 of the 10 worst days and 5 other days are held, under the 5 and 60 needed Depth Not measured: needs trade and quote data (Phase 2)

### Cost for your order

| Order | Dollars | Percent | Basis |
| --- | --- | --- | --- |
| $1,000 | $2.55 | 0.26% | spread |
| $10,000 | $26 | 0.26% | spread |

### Premium or discount to NAV

- Latest close, Oct 22, 2026: −0.10%

- 95% of days within: ±0.36%

- Days more than 1% from NAV: 0 of 5

- Widest: +0.36%, Oct 19, 2026

Close against the NAV its issuer struck the same day, 5 days from Oct 16, 2026 to Oct 22, 2026. Source: ETFIQ from the issuer’s NAV and closing price.

### Capacity

Not measured: its reference, ETN, is neither a listed stock nor a fund ETFIQ reads the holdings of.

### How to trade ETNG

Order type Limit: midpoint + 3¢ to buy, midpoint − 3¢ to sell. At the Oct 22 close of $9.90, that’s $9.93 to buy and $9.87 to sell. When ETF spreads are usually widest in the first minutes after the open and the last minutes before the close. ETFIQ measures this fund’s own day once it has trade data. Watch The premium. On 95% of days it is within ±0.36%; beyond that a buyer pays more, and a seller gets less, than the holdings are worth.

### Coming with trade data

Spread through the day, buyers against sellers, an estimate of retail flow, large trades and the closing auction’s share, each once ETFIQ has trade and quote data.

### Questions people ask

What is ETNG’s bid-ask spread? 0.51% of the midpoint, the median over the 30 days to Oct 22, 2026, as its issuer states it. Half of it is about 3¢ a share at the Oct 22 close. Does ETNG trade at a premium or discount to NAV? It closed −0.10% from its NAV on Oct 22, 2026. On 95% of the 5 days to then it was within ±0.36%, and it closed more than 1% from NAV on 0 of them. Who is the LMM for ETNG? ETNG’s lead market maker (LMM) on Cboe BZX is GTS Securities LLC. Lead market maker per Cboe BZX, as of Oct 23, 2026. What does it cost to trade $10,000 of ETNG? About $26 one way, 0.26%: half its 30-day median spread. In and out costs twice that. How do I place a limit order for ETNG? Set the limit at the midpoint + 3¢ to buy, or the midpoint − 3¢ to sell, in your broker’s quote. At the Oct 22 close of $9.90, that’s $9.93 to buy and $9.87 to sell.

### Sources and dates

- Spread: Leverage Shares (fund page), 30 days to Oct 22, 2026 ( the issuer’s page ).

- Premium: ETFIQ, close against the issuer’s NAV, Oct 16, 2026 to Oct 22, 2026.

### Where to next

The score measures trading conditions, not the fund. ETFIQ is an independent publisher, not an adviser, and makes no recommendations. Standards and sources

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Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, ETNG trading: cost, capacity, premium and dealers, data as of Oct 22, 2026. https://etfiq.com/funds/etng/trading/
Licence: https://etfiq.com/license/ Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.
HTML: https://etfiq.com/funds/etng/trading/