Leverage Shares 2x Long FIG Daily ETF (FIGG) is an actively managed exchange-traded fund that seeks to deliver two times (200%) the daily percentage change in the price of Figma, Inc. (NYSE: FIG) common stock, prior to fees and expenses; the fund employs derivatives, including unfunded swaps with counterparties such as Clear Street, Marex, and Cantor, to achieve this leveraged exposure while maintaining a portfolio of cash equivalents and treasury obligations for collateral. Launched on October 14, 2025, and listed on the Nasdaq exchange under ticker FIGG (CUSIP: 88340C859, ISIN: US88340C8597), the ETF features a total expense ratio of 0.75%, four holdings, and daily rebalancing, targeting sophisticated active traders who monitor positions frequently amid high volatility risks. Issued under the Themes ETF Trust and managed by Leverage Shares, headquartered in Greenwich, Connecticut and founded in 2017 as a pioneer in single-stock leveraged products, the fund operates in the U.S. market with a focus on information technology sector exposure through its underlying Figma stock.
In recent developments, Leverage Shares by Themes launched the FIGG ETF on October 14, 2025, as part of an expansion adding Figma (FIGG) and Futu Holdings (FUTG) to its single-stock leveraged lineup, bringing the total to 27 such daily 2x ETFs at the time. The firm continued aggressive product growth in late 2025, unveiling nine additional 2x long ETFs on November 17 targeting stocks like Nu Holdings (NUG), Cloudflare (NETG), and Starbucks (SBUXG), expanding the suite to 43 products, followed by four more on December 16 including Iris Energy (IREG), Bloom Energy (BEG), GE Vernova (GEVG), and EchoStar (SATG). These launches reflect Leverage Shares' broader 2025 strategy of scaling its U.S. leveraged ETF offerings amid record trading volumes, with YTD turnover up 86% through August versus 2024, while maintaining industry-low fees and physical replication capabilities in its European ETP operations.