The Board of Trustees of the Themes ETF Trust has voted to liquidate and close five leveraged single-stock ETFs, citing an inability to attract sufficient investment assets.
The five funds being shuttered are the Leverage Shares 2X Long TSLA Daily ETF (TSLO), the Leverage Shares 2X Long PLTR Daily ETF (PLOO), the Leverage Shares 2X Long NVDA Daily ETF (NVDO), the Leverage Shares 2X Long MSTR Daily ETF (MSOO), and the Leverage Shares 2X Long COIN Daily ETF (COIO).
The Board concluded that liquidating and closing the funds would be in the best interest of the funds and their shareholders, according to the official announcement.
Each fund offered investors approximately twice the monthly share price return of its underlying stock, subject to an approximate upside cap that reset at the start of each calendar month outcome period.
Trading of all five funds on Cboe will cease as of the close of regular trading on June 16, 2026, after which no new creation orders will be accepted.
Shareholders who wish to exit their positions are encouraged to sell prior to the June 16 closing date, as customary brokerage charges may apply to those transactions.
Between June 16 and the liquidation date of June 25, 2026, shareholders may only be able to sell their shares to certain broker-dealers, with no assurance that a market for fund shares will exist during that window.
On or about the liquidation date, each fund will distribute cash pro rata to all remaining shareholders, with the board warning that these distributions constitute taxable events and may include accrued capital gains and dividends.
Each fund’s net asset value on the liquidation date will reflect the costs associated with closing the fund, after which the funds will formally terminate.
Themes ETFs was established in 2023 by the co-founders of Leverage Shares, a company launched in 2017 by CEO Jose Gonzalez-Navarro, COO Dobromir Kamburov, and General Counsel Tracy Grant, which currently operates more than 160 ETPs across European exchanges.
Investors seeking additional information about the closures can contact Arielle Shternfeld, Director of Communications and Advisor Relations, at [email protected] or by calling +1 (860) 716-3686.
The closures serve as a reminder of the intense competition facing niche leveraged product providers in a market where scale and trading volume are critical to long-term viability.
