Bitmine 2x ETF BMNU surpasses $200M in trading volume in 3 days

The cumulative trading volume for the T-Rex 2x Long Bitmine Daily Target ETF (BMNU) has surpassed $200 million within its first three trading days, according to Bloomberg ETF analyst Eric Balchunas. The fund, which offers 2x leveraged exposure to Bitmine (BMNR), was listed on Nasdaq on Sept. 26. Balchunas noted that this is the highest trading volume recorded for a new ETF since the launch of the spot Bitcoin and Ethereum ETFs. Separately, Bitmine announced on Sept. 29 that it holds approximately 2,650,900 ETH.