BMNU +2x T-REX 2X Long BMNR Daily Target ETF

BMNU

ETF +2x BULL standard
T-REX 2X Long BMNR Daily Target ETF
Issuer: T-Rex · Tracks: BMNR · Listed: 2025-09-25
Implied AUM
$228.9M
Last Close
$9.83
20260720
30d Avg Vol
7,954,313
Options
available
Realized return vs theoretical +2x BMNR
Other leveraged products tracking BMNR
Symbol Factor Direction Issuer Name Implied AUM 30d Vol Options
BMNG +2x BULL Leverage Shares Leverage Shares 2X Long BMNR Daily ETF $34.0M 1,084,052

How BMNU works

BMNU targets +2x the daily return of BMNR — not the cumulative return over multi-day windows. The fund rebalances at the close each day using swaps or futures, which is what creates the volatility drag the chart above visualizes.

Mathematical headline: drag ≈ −0.5 × N × (N−1) × σ² per period. For a +2x product on an underlying with 25% annualized vol, expected annual drag is around 6.2%. Add expense ratio and the realized number is typically worse.

  • Short-term tactical: daily and intraday holds are where these products were designed to live.
  • Premium selling: options on BMNU carry very rich IV — see the quote page for IV rank and straddle pricing.
  • Multi-day directional: works in strong trends; gets eaten alive in chop. Use the chart above to gauge the realized vs theoretical track record.