Leverage Shares 2x Long IREN Daily ETF
IREG
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- Leverage Shares 2X Long IREN Daily ETF (IREG) is an actively managed exchange-traded fund that seeks to deliver daily investment results, before fees and expenses, corresponding to two times (200%) the daily percentage change in the price of the common stock of IREN Limited (NASDAQ: IREN), a global data center operator and Bitcoin mining company. The fund employs derivatives including swap agreements and options, alongside direct investments in the underlying security and short-term instruments such as U.S. government securities and repurchase agreements, with holdings typically including IREN swaps, cash equivalents like the First American Treasury Obligations Fund, and collateral allocations representing 25-50% of assets; it maintains a total expense ratio of 0.75%, trades on NASDAQ under ticker IREG (CUSIP: 88340F100), and features daily rebalancing to achieve its leverage objective. IREG targets sophisticated active traders pursuing short-term magnified exposure without margin call risks or uncapped losses beyond the invested principal, though it carries heightened volatility, compounding effects, and potential for significant principal erosion over periods longer than one day if the underlying stock is flat, volatile, or declines sharply. Part of the Themes ETF Trust and advised by Themes Management Company LLC with distribution by ALPS Distributors, Inc., the fund holds its primary operations in the United States, where it lists on NASDAQ and serves investors seeking leveraged single-stock exposure. Leverage Shares, the pioneering European issuer of single-stock leveraged exchange-traded products since 2017 with headquarters in Greenwich, Connecticut, licenses its branding to the U.S. offering and manages over 160 ETPs providing leveraged and inverse exposure to stocks, ETFs, and commodities across European and U.S. exchanges. IREG launched on December 16, 2025, as part of Leverage Shares by Themes' rapid U.S. expansion, which recently introduced four new single-stock leveraged ETFs—including IREG (IREN), BEG (Bloom Energy), GEV (GE Vernova), and SAT (EchoStar)—on December 16, 2025, alongside prior launches like six more in December 2025 (OPEN, CIFR, GRAB, DUOL, LAC, UPS) and nine in November 2025 (NU, NET, OKTA, TER, NEM, CMG, ABNB, SPOT, SBUX), bringing the total to over 43 leveraged single-stock daily ETFs. This aggressive product rollout underscores strategic growth in the leveraged ETF segment amid rising demand for targeted, high-conviction trading tools on innovative sectors like data centers, AI infrastructure, and renewables.