- CEO
- Calvin Tsang
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 34 East Putnam Avenue Greenwich CT United States of America 6830
- IPO Date
- Dec 16, 2025
- Business
- Leverage Shares 2X Long SATS Daily ETF (SATG) provides 2x daily leveraged exposure to the performance of EchoStar Corporation (SATS) common stock, minus fees and expenses, through an actively managed exchange-traded fund structure. The fund employs financial instruments including swaps and options contracts on SATS, such as deep in-the-money calls or synthetic forwards via at-the-money call and put options, alongside collateral in high-quality short-term debt instruments like U.S. government securities; it maintains four primary holdings with daily rebalancing, a total expense ratio of 0.75%, and trades on NASDAQ under ticker SATG. Launched on December 16, 2025, with an inception NAV of approximately $14.11 and initial shares outstanding of 25,000, the ETF targets active traders seeking magnified short-term results without margin call risks.
As part of Leverage Shares by Themes offerings under Themes ETF Trust—advised by Themes Management Company LLC and distributed by ALPS Distributors, Inc.—SATG belongs to a suite of over 50 single-stock leveraged daily ETFs providing 2x bull exposure to innovative and high-growth companies across sectors like technology, energy, and digital assets. Leverage Shares, founded in 2017 by CEO José Gonzalez-Navarro and co-founders, pioneered physical replication of leveraged and inverse ETPs in Europe and expanded into the U.S. market via its affiliation with Themes ETFs established in 2023, managing over $1 billion in assets across 160+ ETPs listed on exchanges including NASDAQ, London Stock Exchange, and SIX Swiss Exchange; headquarters are located in Greenwich, Connecticut, with additional operations in Dublin, Ireland.
Recent developments include the launch of SATG alongside three new single-stock leveraged ETFs—IREG (2x Long IREN), BEG (2x Long BE), and GEVG (2x Long GEV)—on December 16, 2025, expanding the Leverage Shares by Themes portfolio to 53 funds and reinforcing focus on high-growth innovators. In October 2025, Themes ETFs and Leverage Shares by Themes surpassed $1 billion in assets under management, highlighting rapid U.S. growth; earlier in 2025, the firm added nine more 2x long ETFs on stocks like NU, NET, OKTA, TER, NEM, CMG, ABNB, SPOT, and SBUX in November, and debuted first 3x single-stock ETPs on LSE in September covering HOOD, HIMS, UNH, INTC, AVGO, ASML, LLY, RHM, and FUTU. These expansions, including cross-listings on Euronext Amsterdam and white-label platforms, underscore ongoing product innovation and strategic scaling without reported acquisitions, funding rounds, or reorganizations in the past 1-2 years.