BMNZ ETF — Defiance Daily Target 2X Short BMNR ETF

Defiance Daily Target 2X Short BMNR ETF (BMNZ)

Updated October 16, 2026.

BMNZ is an ETF linked to BitMine Immersion Technologies (BMNR). its expense ratio is 1.40%. Total return is -74.9% over the past 0.9 years, 34.1 points behind BMNR at -40.8%.

Defiance Daily Target 2X Short BMNZ is an actively managed ETF that seeks to deliver twice the inverse daily performance of BitMine Immersion Technologies (BMNR) stock through derivatives such as swaps and options, making it designed for tactical short-term trading rather than buy-and-hold investing. The fund does not currently distribute income to shareholders. With an expense ratio of 1.40% and a non-diversified portfolio focused on a single underlying security, this leveraged inverse ETF appeals to experienced traders seeking short-term bearish exposure to BMNR, though the daily rebalancing mechanism means results over longer periods may diverge significantly from twice the inverse of the underlying's cumulative performance.

BMNZ performance versus BMNR

Price and return data through 2026-10-16.

Total return is -74.9% over the past 0.9 years, 34.1 points behind BMNR at -40.8%. Its deepest 1-year drawdown was 91.4%.

BMNZ key facts

Issuer

Defiance ETFs

Asset type

ETF

Asset class

Equity

Inception date

11/12/2025

Expense ratio

1.40%

Distribution frequency

None

Last close

$6.03 (as of 2026-10-16)

AUM

$12,030,689

Average volume

2855151.0

Beta

-7.8063

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Defiance ETFs or company page; Index: BitMine Immersion Technologies (BMNR); prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

BMNZ risks and drawbacks

Total return has trailed BMNR over the available window. The deepest 1-year drawdown on record here is 91.4%.

Who may consider BMNZ — and who may not

It is a weaker fit for investors who need monthly cash flow (BMNZ does not currently distribute); investors whose main goal is matching BMNR total return. This is educational context, not a recommendation to buy or sell.

More on BMNZ

• All tickers starting with B

Tagged: Leverage, Short, Crypto.

Frequently asked questions

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