Leverage Shares 2X Long BMNR Daily ETF (BMNG)

The Leverage Shares 2X Long BMNR Daily ETF (BMNG) seeks daily investment results equal to twice (2x) the daily percentage change in the share price of BitMine Immersion Technologies (ticker BMNR), a company that holds a large treasury of the cryptocurrency Ether and has also been involved in bitcoin mining. The fund obtains its exposure mainly through swap agreements.

The 2x objective applies to a single day only. Because leverage resets daily, performance over longer periods can deviate substantially from twice the stock's return, especially for a volatile underlying stock. The fund is sponsored by Leverage Shares and trades on Nasdaq.