BMNG was created on 2025-10-27 by Leverage Shares. The fund's investment portfolio concentrates primarily on information technology equity. BMNG aims to provide 2x leveraged exposure to the daily price movement of Bitmine Immersion Technologies, Inc. (NYSE: BMNR) stock, less fees, and expenses. BMNR hosts and mines Bitcoin using immersion-cooling technology, and has also begun accumulating Bitcoin as a treasury asset.