Leverage Shares 2x Long ONDS Daily ETF is an exchange-traded fund designed to deliver daily leveraged investment results by providing two times (200%) the daily performance of the publicly traded common stock of Ondas Holdings Inc. (ONDS). This single-stock leveraged ETF magnifies the underlying security's daily percentage change, offering amplified exposure without the need for margin accounts or facing margin call risks. Launched on January 13, 2026, it features a total expense ratio of 0.75%, one holding focused on ONDS, and trades like a regular stock with losses capped to the invested amount. The fund employs derivatives such as swaps to achieve its 2x leverage, undergoing daily rebalancing to maintain the target exposure. It caters primarily to knowledgeable, active traders who monitor positions frequently, given its heightened volatility and the effects of compounding over periods longer than one day. In the financial markets, it plays a tactical role for short-term strategies targeting movements in ONDS, a company in advanced wireless communications, amid a growing suite of single-stock leveraged products.