Leverage Shares 3x PayPal ETP (3PYP.L) is an exchange-traded product (ETP) that provides three times (3x) the daily performance of PayPal Holdings, Inc. (PYPL) stock, utilizing physical replication by directly investing in the underlying shares and employing margin borrowing to achieve leveraged exposure; for instance, a 1% daily rise in PYPL aims to deliver a 3% increase in the ETP before fees, with corresponding amplified losses on declines. Issued by Leverage Shares Public Limited Company (Leverage Shares Plc), a pioneer in single-stock leveraged ETPs founded in 2017 and headquartered in Dublin, Ireland, with registered operations including a UK entity in Tunbridge Wells, Kent, the ETP trades on major European exchanges such as the London Stock Exchange (LSE), Borsa Italiana, Euronext Paris, Euronext Amsterdam, and Deutsche Börse Xetra. Leverage Shares Plc offers a broad portfolio exceeding 160 physically backed ETPs, encompassing 5x, 3x, 2x long leveraged products; -1x, -2x, -3x, -5x inverse products; and delta-one (1x) trackers on popular US, UK, Asian stocks, ETFs, custom indices, and exchange-traded commodities (ETCs), available to professional investors across Germany, Ireland, Italy, the Netherlands, and the United Kingdom. In recent developments, Leverage Shares expanded its offerings with the launch of three new single-stock leveraged ETFs under Leverage Shares by Themes in November 2025, bringing the total to 43 such products, alongside 19 additional ETPs listed on the LSE in September 2025 and post-year-end introductions of new income and derivative-based ETPs as part of ongoing growth plans for 2024-2025; the firm also continues to innovate with custom ETP infrastructure for third-party asset managers and maintains its position as Europe's largest issuer of single-stock ETPs by AUM and trading volume. The company targets experienced traders and institutional investors seeking magnified daily exposure to equities without direct CFDs or structured products, operating from six offices across eight countries with a 45-member multilingual team.