BMNZ
Defiance Daily Target 2X Short BMNR ETF
Distribution Rate *
Distribution Frequency
30-Day SEC Yield **
Daily Target 2X Short BMNZ (BitMine Immersion Technologies) ETF
Overview
The Defiance Daily Target 2X Short BMNR ETF (BMNZ) provides investors with amplified inverse exposure to BitMine Immersion Technologies, Inc. (NYSE: BMNR), a blockchain technology company focused on industrial-scale digital asset mining and hosting operations. BMNZ seeks to deliver -200% of the daily performance of BMNR’s stock, giving active traders a tactical vehicle to pursue enhanced downside exposure to BitMine without the need for a margin account or direct short position.
Investment Objective
The Fund seeks daily inverse investment results, before fees and expenses, of -2 times (-200%) the daily percentage change in the share price of BitMine Immersion Technologies, Inc. (NYSE: BMNR). The Fund does not seek to achieve its stated investment objective for any period other than a single trading day.
Underlying Stock: BitMine Immersion Technologies, Inc.
BitMine Immersion Technologies, Inc. is a blockchain infrastructure and technology company engaged in the self-mining of bitcoin and the hosting of third-party mining operations. The company focuses on building and operating energy-efficient, large-scale mining facilities that leverage immersion cooling technology to reduce power consumption and optimize performance. BitMine also generates revenue through equipment sales and co-location services for clients in the digital asset mining industry. Headquartered in Florida, the company seeks to expand its footprint in regions offering favorable energy economics and regulatory environments, positioning itself at the forefront of sustainable blockchain infrastructure.
An investment in BMNZ is not an investment in BitMine Immersion Technologies, Inc.
The Fund is not suitable for all investors. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged inverse (-2X) investment results, understand the risks associated with the use of leverage, and are willing to monitor their portfolios frequently. The Fund is not intended to be used by, and is not appropriate for, investors who do not intend to actively monitor and manage their portfolios. The Fund pursues daily leveraged investment objectives, which means it is riskier than alternatives that do not use leverage. The Fund magnifies the inverse performance of the underlying security and is designed strictly for short-term use. For periods longer than a single day, the Fund’s performance will be the result of compounded daily returns, which is very likely to differ from -200% of the return of BMNR over the same period. It is possible investors could lose their entire principal within a single trading day.
BMNZMarket Price
Performance
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Total Return NAV (%) | -6.72% | -6.72% | xx.xx% | xx.xx% | 11.45% |
| Market Price (%) | -7.03% | -7.03% | xx.xx% | xx.xx% | 11.05% |
| 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|
| Total Return (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% |
| Market Price (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% |
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Total Return NAV (%) | xx.xx% | 9.75% | xx.xx% | xx.xx% | 19.48% |
| Market Price (%) | xx.xx% | 10.24% | xx.xx% | xx.xx% | 19.45% |
| 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|
| Total Return (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% |
| Market Price (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% |
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Total Return NAV (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% | 8.87% |
| Market Price (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% | 8.35% |
| 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|
| Total Return (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% |
| Market Price (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% |
| 2025 | |
|---|---|
| Total Return NAV(%) | xx.xx% |
| Market Price (%) | xx.xx% |
Fund Details
Data as of 02/17/2026Top Holdings
| Name | Symbol | Stock price | % Net assets | Shares Held | Market Value |
|---|---|---|---|---|---|
| Cash & Other | Cash&Other | $1.00 | 297.95% | 56,892,255 | $56,892,255 |
| First American Government Obligations Fund 12/01/2031 | FGXXX | $100.00 | 1.20% | 228,668 | $228,668 |
| United States Treasury Bill 02/19/2026 | 912797PM3 | $100.00 | 0.75% | 143,000 | $143,000 |
| United States Treasury Bill 03/19/2026 | 912797PV3 | $99.72 | 0.16% | 30,000 | $29,916 |
| Bitmine Immersion Tecnologies Swap Cantor-s | 09175A206-TRS-11/01/28-S-BMNZ | $19.82 | -25.45% | -245,218 | $-4,860,221 |
| Bitmine Immersion Tecnologies Swap Marex | 09175A206-TRS-11/13/28-S-BMNZ | $19.82 | -63.77% | -614,342 | $-12,176,258 |
| Bitmine Immersion Tecnologies Swap Cs | 09175A206-TRS-01/11/28-S-BMNZ | $19.82 | -110.88% | -1,068,204 | $-21,171,803 |
| Download Fund Documents |
|---|
Distributions
Declaration Date |
Ex-Div Date |
Record Date |
Payable Date |
Amount ($) |
|---|---|---|---|---|
12/29/2026 |
12/30/2026 |
12/30/2026 |
12/31/2026 |
$– |
| Declaration Date | Ex-Div Date | Record Date | Payable Date | Amount ($) | |
|---|---|---|---|---|---|
| 12/29/2025 | 12/30/2025 | 12/30/2025 | 12/31/2025 | — |
| Distribution Rate *
Payable As of |
-% |
| Distribution Frequency | Monthly |
| 30-Day SEC Yield ** As of — |
-% |
