The Leverage Shares 2x Long XPEV Daily ETF is an exchange-traded fund designed to deliver daily leveraged investment results by seeking 200% of the daily percentage change in the price of XPeng Inc.'s American Depositary Receipt (ADR). Launched on January 15, 2026, this actively managed, non-diversified ETF provides amplified exposure to XPeng, a leading Chinese electric vehicle manufacturer focused on innovative smart mobility solutions, through swaps and other financial instruments with major institutions. It invests at least 80% of its net assets in the underlying security and derivatives to achieve this 2x long leverage, while allocating 25-50% of assets as collateral in high-quality securities like U.S. government bonds. With a total expense ratio of 0.75%, it trades like a stock, offering benefits such as no margin calls and losses capped at the invested amount, making it accessible via standard brokerage accounts. Part of Leverage Shares by Themes' suite of 73 single-stock leveraged ETFs, it targets sophisticated investors aware of risks like compounding effects, volatility, and potential full principal loss if XPeng drops over 50% in a day, emphasizing its role in short-term trading within the high-growth EV sector.