The Leverage Shares ETF suite expanded with three new leveraged single-stock funds tracking Gemini Space Station (GEMI), Bullish (BLSH), and Bitmine Immersion Technologies (BMNR), bringing the lineup to 34 leveraged single-stock ETFs. GEMG, the GEMI-tracking fund, debuted November 5, 2025 as a first-to-market product, following BLSG and BMNG, which began trading October 27, 2025.
What These New ETFs Actually Track
Each fund targets 200% daily exposure to its underlying stock: GEMG tracks Gemini Space Station, BLSG tracks Bullish, and BMNG tracks Bitmine Immersion Technologies. These are single-stock leveraged products, meaning each fund's performance is tied to one specific company's daily stock movement rather than a broader index or sector basket. All three carry a 0.75% management fee, which the issuer describes as an industry-low rate for single-stock leveraged ETFs.
Why GEMG Is Notable as "First-to-Market"
GEMG's debut represents the first leveraged single-stock ETF offering exposure to Gemini Space Station, giving traders a regulated fund wrapper for amplified exposure to that stock before any competing product existed. Being first to market with this specific exposure gives Leverage Shares a period of exclusive access to traders seeking leveraged Gemini exposure through an ETF structure.
The Critical Mechanics of Daily Leverage Reset
These funds target 200% of daily performance, not cumulative performance over any longer holding period, a distinction that matters enormously for how the products behave. For periods longer than a single day, the funds will lose money if the underlying stock's performance is flat, and it's possible for a fund to lose money even when the underlying stock's price rises over a longer period, due to how daily compounding leverage interacts with volatility.
The Single-Day Loss Risk
An investor could lose the entire principal value of their investment within a single trading day if the underlying stock, GEMI, BLSH, or BMNR, falls by more than 50% in that day. This is a structurally different risk profile than a standard, unleveraged single-stock investment, where a 50% single-day decline, while severe, would not typically wipe out the entire position.
Company Statement on the Expansion
Paul Marino, Chief Revenue Officer at Leverage Shares, said the new funds aim to provide investors with amplified exposure to high-growth innovators across a distinct industry, framing the launches as part of the firm's ongoing commitment to expanding its leveraged single-stock ETF offering to match investor interest in specific names.
Where This Fits in the Firm's Broader Lineup
These three launches bring Leverage Shares by Themes to 34 total leveraged single-stock ETFs, spanning major sectors including technology, energy, consumer, and financials. The firm has continued growing its US footprint following the initial suite's launch in December 2023, positioning digital-asset-adjacent single-stock names as a growing category within that broader lineup.
Leveraged, single-stock exposure products like this carry meaningfully different risk characteristics than the underlying spot assets discussed in our crypto presale risks and scams guide, though both categories demand the same careful reading of product mechanics before committing capital.
Glossary
- Leveraged single-stock ETF: An exchange-traded fund designed to deliver a multiple, such as 200%, of a single company's daily stock performance.
- Daily reset: The mechanism by which leveraged ETFs recalculate their exposure each trading day, causing compounding effects that diverge from simple multiplied returns over longer periods.
- Management fee: The annual percentage charged by a fund to cover operating costs, deducted from fund assets regardless of the fund's performance.
Disclaimer
This write-up is informational in nature and does not serve as financial or investment advice. Leveraged single-stock ETFs carry substantial risk, including the potential for total loss of principal within a single trading day. Read each fund's full prospectus carefully before investing, available directly through official Leverage Shares by Themes documentation.
