Rising institutional demand accelerates leveraged crypto ETF popularity as BitMine’s Ethereum strategy fuels investor enthusiasm.
T-Rex launched its 2X BitMine ETF (BMNU) today, generating $32 million in first-day trading volume and ranking as the third-best ETF debut of 2025, according to Bloomberg ETF analyst Eric Balchunas.
The fund provides 2x daily leveraged exposure to BitMine Immersion Technologies (BMNR), which holds 2.4 million ETH valued at $9.6 billion. The product capitalizes on growing investor interest in companies with substantial crypto treasury holdings, particularly those focused on Ethereum accumulation.
BMNU’s debut volume trails only the XRP ETF and Dan Ives ETF among approximately 650 ETFs launched in 2025. The strong opening reflects a robust appetite for leveraged crypto exposure products amid rising institutional adoption of digital assets.
BitMine has positioned itself as a leading Ethereum accumulator. The company has signaled ambitions to reach a 5% Ethereum supply target.
