BIDG Leverage Shares 2X Long BIDU Daily ETF

About this ETF

The Leverage Shares 2X Long BIDU Daily ETF is an exchange-traded fund designed to deliver daily leveraged investment results, seeking to provide 200% of the daily performance of Baidu Inc.'s publicly traded common stock (BIDU). This ETF magnifies the daily returns of its underlying security through the use of derivatives such as swaps and futures contracts, enabling 2x long exposure without the need for margin accounts or facing margin calls. Launched on December 18, 2025, by Themes Management Company LLC under the Themes ETF Trust, it features a total expense ratio of 0.75% and trades like a regular stock on an exchange. The fund is non-diversified, concentrating its exposure on Baidu, a leading Chinese technology company focused on internet services, artificial intelligence, and search engines, thereby inheriting risks from that sector including regulatory, operational, and market volatility. Due to daily rebalancing and compounding effects, its performance over periods longer than one day will likely diverge from 2x the underlying stock's return, making it suitable primarily for short-term trading by experienced investors who actively monitor positions. Key risks include leverage amplification of losses, potential principal erosion even if BIDU rises modestly over time, and heightened volatility from derivatives and counterparty exposure.