Leverage Shares 2x Long SPOT Daily ETF

Leverage Shares 2x Long SPOT Daily ETF is an exchange-traded fund designed to provide investors with twice (2x) the daily return of Spotify Technology S.A.'s stock performance, before fees and expenses. This ETF uses derivatives, such as swaps, to achieve daily leveraged exposure, making it suitable for market participants who actively seek to amplify short-term moves in Spotify's share price. The fund does not invest directly in Spotify stock; instead, it employs financial instruments that replicate the targeted leverage on a daily basis. Leverage Shares 2x Long SPOT Daily ETF is structured for daily resetting, so performance over periods longer than one day can diverge significantly from double the cumulative return of the underlying stock due to the effects of compounding and volatility. This ETF appeals to experienced traders who use leverage as a tactical tool for short-term trading, rather than traditional buy-and-hold investing. Key features include liquidity similar to other listed securities, no margin call risk for investors, and exposure to the dynamic music streaming industry epitomized by Spotify. The ETF is non-diversified and thus concentrates risk in a single stock’s sector. Its management is active, and it carries risks specific to leveraged strategies and the underlying company.