Themes ETF Trust, a Delaware statutory trust organized in 2023 and headquartered at 34 East Putnam Avenue, Suite 112, Greenwich, Connecticut, serves as an open-end investment management company that issues exchange-traded funds providing targeted exposure to thematic market segments, disruptive technologies, and leveraged single-stock strategies; its core offerings include the Leverage Shares series of daily leveraged ETFs such as the 2x Long CMG Daily ETF (ticker: CMGG), which seeks 200% of the daily performance of Chipotle Mexican Grill Inc. (CMG) common stock before fees and expenses through swaps, options, and financial instruments; 2x Long ETFs on stocks including ABNB, SPOT, TER, NU, NET, OKTA, NEM, and SBUX; capped accelerated ETFs; generative artificial intelligence ETFs like Themes Generative Artificial Intelligence ETF (WISE) and Themes China Generative AI ETF; sector-specific funds such as Themes Transatlantic Defense ETF (NATO), Themes Uranium & Nuclear ETF, and Themes Global Systemically Important Banks ETF (GSIB); as well as commodity miners and other thematic ETFs focused on emerging industries. The Trust operates primarily in the United States, listing its ETFs on Nasdaq, with Themes Management Company LLC acting as investment adviser and ALPS Distributors, Inc. as distributor. In recent developments, the Trust expanded its Leverage Shares single-stock leveraged ETF lineup by launching nine new funds including CMGG on November 17, 2025, bringing the total to 43 such products at a 0.75% expense ratio; closed two underperforming thematic funds in September 2025 due to insufficient assets; and continues to prioritize low-cost structures with fees 40% below thematic ETF averages while growing assets under management to approximately $1.07 billion across over 100 vehicles.