Key takeout
- T-Rex’s 2x Bitmine ETF (BMNU) recorded a trading volume of $32 million on the first day, making it the third best ETF launch of 2025.
- BMNU is taking advantage of double the daily exposure to Bitmine’s stock performance to appeal to those seeking amplified returns associated with cryptocurrency companies.
T-Rex launched double the Bitmine ETF (BMNU) today, generating $32 million in trading volume on the first day, creating the rankings as the third best ETF debut of 2025.
The fund provides Bitmine Immersion Technologies (BMNR) with doubled daily use exposures and holds $9.6 billion of ETH 2.4 million. The product draws on growing interest from investors in businesses with Treasury holdings, particularly focusing on the accumulation of Ethereum.
BMNU’s debut volume will track only the XRP ETFs and Dan Ives ETFs out of the roughly 650 ETFs launched in 2025. The strong opening reflects a strong appetite for crypto-exposed products utilised amid the increasing institutional adoption of digital assets.
Bitmine positions itself as the main Ethereum accumulator. The company shows its ambition to meet its 5% Ethereum supply target.
