- Business
- Themes ETF Trust (the Trust) is a Delaware statutory trust and open-end management investment company that offers exchange-traded funds (ETFs) focused on thematic, sector-based, and leveraged single-stock strategies; its ETF lineup includes actively managed products providing targeted exposure to emerging trends such as generative artificial intelligence, uranium and nuclear energy, transatlantic defense, Chinese generative AI, and global systemically important banks, alongside a distinctive suite of daily leveraged (2x) ETFs under the Leverage Shares by Themes brand that deliver amplified short-term performance to individual stocks across technology, energy, consumer, financials, and digital asset-related sectors including the Leverage Shares 2X Long BMNR (BitMine Immersion Technologies) Daily ETF (BMNG), which seeks 200% daily leveraged exposure to BMNR stock minus fees and expenses. The Trust operates primarily in the United States, with ETFs listed on Nasdaq and distributed through ALPS Distributors, Inc., targeting sophisticated investors, active traders, and those seeking opportunities in disruptive growth and high-conviction single-stock plays. Founded in 2023 and headquartered at 34 East Putnam Avenue, Suite 112, Greenwich, CT 06830, the Trust is advised by Themes Management Company LLC.
The Trust's core offerings encompass 17 thematic and sector-focused ETFs, such as the Themes Generative Artificial Intelligence ETF, Themes Uranium & Nuclear ETF, Themes Transatlantic Defense ETF, and Themes China Generative AI ETF; its Leverage Shares by Themes series comprises over 34 single-stock leveraged ETFs, including recent additions like 2x Long IREN, BE, GEV, SATS, OPEN, CIFR, GRAB, DUOL, LAC, and UPS Daily ETFs, all featuring a competitive 0.75% total expense ratio and daily rebalancing via swaps and financial instruments with major institutions to achieve leveraged exposure without margin call risks. These products emphasize liquid ETF wrappers for intraday trading, collateralized positions in high-quality short-term debt, and focus on high-growth innovators in technology, energy, and beyond.
In recent developments, the Trust, in collaboration with Leverage Shares US, has aggressively expanded its Leverage Shares lineup, launching the BMNG ETF on October 27, 2025, followed by BLSG (2X Long BLSH) and GEMG (2X Long GEMI)—the latter as a first-to-market product—on November 5, 2025, and six additional single-stock leveraged ETFs on December 11, 2025, bringing the total to 34 and surpassing $1 billion in assets under management as of October 2025; further launches of IREN, BE, GEV, and SATS ETFs occurred on December 16, 2025, underscoring a strategic push into digital assets, energy transition, and influential companies amid growing investor demand. Earlier in 2025, the Trust closed two underperforming thematic funds (AIRL and a European luxury ETF) in September due to insufficient assets, reflecting disciplined portfolio management.