Greenwich, Connecticut, October 9, 2026 / PRNewswire / — The Board of Directors (hereinafter referred to as the “Board”) states that since the relevant funds failed to attract sufficient investment assets, it has decided to liquidate and close 13 ETF (referred to individually as “funds” and collectively as “fund group”). The Board believes that liquidating and closing these funds is in the best interest of the funds and their shareholders.
The announcement states that the funds to be closed are as follows:
The original text states here, "The funds that will be closed are as follows," but no specific list of funds is provided.
These funds will cease trading on NASDAQ and Cboe at the end of the regular trading hours on October 19, 2026 (the “cutoff date”), and from that point on, they will no longer be open for subscription by investors. The funds will also stop accepting creation orders after October 16, 2026.
Shareholders may sell any shares they hold before the closing date, and such transactions may be subject to the usual brokerage fees. However, from the closing date until October 22, 2026 (the “liquidation date”), shareholders may only be able to sell their shares to certain brokerage dealers, and there is no guarantee that shares will still be available for trading during this period.
As the fund prepares to enter liquidation proceedings, its cash holdings will increase, and its exposure to underlying investments will decrease. Consequently, each fund will no longer pursue its established investment objectives, which will be inconsistent with the fund's main investment strategy.
Around the liquidation date, each fund will sell its assets and make a cash distribution to shareholders who have not redeemed or sold their shares prior to that time, on a proportional basis. The amount of the liquidation distribution per share will be announced once it is available. The announcement states that these distributions are taxable events and may include realized but尚未 distributed capital gains and dividends. As of the liquidation date, the net asset value of each fund will reflect the related costs incurred in closing the fund. After the distribution is completed, these funds will be terminated.
Dividends will not be distributed before the liquidation of the fund.
For more information about these funds, the company states that it can be found on the Leverage Shares website.
About Themes ETFs
Themes ETFs was established in 2023 by the co-founders of Leverage Shares with the aim of providing thematic and industry-specific products in the United States. Themes Management Company LLC serves as the investment advisor for Themes ETFs Trust. Themes ETFs states that its goal is to provide investors with targeted exposure to specific market segments at low costs through ETF. For more information, please visit www.themesetfs.com.
About Leverage Shares
The company was founded in 2017 by the Chief Executive Officers Jose Gonzalez - Navarro, the Chief Operating Officer Dobromir Kamburov, and the General Legal Counsel Tracy Grant (collectively referred to as "co-founders"). Currently, the company has over 160 ETP and provides leveraged and unleveraged exposures on individual stocks, ETF, and commodities on multiple European exchanges. For more information, please visit www.leverageshares.com.
Disclosure
Investment involves significant risks. The aforementioned funds do not directly invest in their respective underlying assets. Like any investment, investors may lose all or part of their investment in the funds.
Investors should carefully consider the fund's investment objectives, risks, fees, and expenses before making an investment. The fund's prospectus and summary prospectus contain the aforementioned information as well as additional details. To obtain the fund's prospectus and summary prospectus, please call 866-584-3637. It is important to read the relevant documents thoroughly before investing.
Newly established funds face risks related to their limited operational history.
Due to daily rebalancing and the compounding effect of daily returns over time, the return of a fund over a period longer than a single day will be the result of compounding these daily returns. This can significantly differ from a 200% return on the underlying assets during the same period. If the underlying assets perform poorly over a certain period, the fund may suffer losses. Furthermore, due to daily rebalancing, fluctuations in the underlying assets, and the compounding effect, even if the underlying assets rise over a period longer than a single day, the fund may still experience losses over time.
These funds are not suitable for all investors. They are intended only for professional investors who understand the potential consequences of seeking daily leverage (2x) investment results, are aware of the risks associated with the use of leverage, and are willing to monitor their portfolios frequently. These funds are not designed for investors who do not intend to actively monitor and manage their portfolios, nor are they suitable for such investors. If the underlying assets perform flatly over a period longer than one day, the fund will incur losses; even if the underlying assets rise during this period, the fund may still suffer losses.
According to the 'Investment Advisory Agreement' signed between the advisor and the trust representatives of each fund, the advisor agrees to bear all the expenses of the fund, except for the fees paid to the advisor under this agreement, any interest on loans, taxes and fees, brokerage commissions and other expenses incurred from buying and selling securities and other investment instruments, expenses and expenditures of the invested funds, accrued deferred tax liabilities, non-routine expenses, as well as distribution (12b-1) fees and expenditures.
Past performance does not guarantee future results.
Investing in leveraged products may involve higher volatility. Funds do not directly invest in their underlying assets. Investment funds carry risks, including the potential loss of principal. Each fund is a non-diversified fund and involves concentrated investments in specific industries, sectors, or geographical regions, which can lead to higher volatility. The use of derivatives such as futures contracts and swaps exposes investors to market risks, as their prices can fluctuate over time. Fund risks include compound interest and market volatility risks, counterparty risks, rebalancing risks, intraday investment risks, daily index correlation risks, risks associated with other investment companies (including ETF), as well as specific risks related to the underlying assets of each fund and the industries they are involved in. The aforementioned and other risks are detailed in the prospectus.
The announcement states that for holding periods exceeding one day, if the performance of GLXY, BLSH, GEMI, NU, NEM, OPEN, PBR, VALE, ALB, UEC, FCX, CRML, or HON remains flat under applicable circumstances, the corresponding funds will incur losses; even if the underlying assets experience gains during the period exceeding one day, the respective funds may still suffer losses.
ETF shares are traded at market prices rather than net asset values ( NAV ), and they cannot be redeemed individually from the fund. Brokerage commissions will reduce returns. Market price returns are based on the official closing price of ETF shares; if there is no official closing price, then they are calculated based on the median price between the national best bid and ask prices ( NBBO ) for each share's net asset value for the period ( ETF ). This does not represent the returns that investors may obtain when trading shares at other times. Net asset values are calculated at 4:00 PM Eastern Time. The index is not actively managed and does not include the impact of fees, expenses, or sales charges. Investors cannot directly invest in the index.
This information does not constitute an offer to sell any fund shares to any person in any jurisdiction, nor does it constitute an invitation to purchase; if such an offer, invitation, purchase, or sale is illegal under the securities laws of that jurisdiction, then it shall not apply.
Themes Management Company LLC serves as the investment advisor for Themes ETFs Trust. The fund is distributed by ALPS Distributors and Inc (1290 Broadway, Suite 1000, Denver, Colorado 80203). ALPS has no association with any of the entities mentioned in this text. ALPS does not provide customer brokerage services. For more information on the services mentioned in this text, please refer to third-party websites.
Themes ETFs is not sponsored, endorsed, issued, sold, or promoted by any entity related to the underlying assets, and these entities have not made any statements regarding the suitability of investing in Themes ETFs. ALPS Distributors, Inc, Themes Management Company LLC, and Themes ETFs are not associated with these entities either.
Themes Management Company LLC and Leverage Shares are related parties under common control. The two parties have signed a licensing agreement, in which Leverage Shares authorizes Themes Management Company LLC to use the “LEVERAGE SHARES” trademark in the field of financial services in the United States.
