Leverage Shares 2X Long CRCL Daily ETF is an actively managed leveraged exchange-traded fund designed to deliver 200% of the daily performance of Circle Internet Group, Inc. common stock, before fees and expenses. The fund uses derivatives and swap-based exposure to provide magnified short-term participation in the daily price movement of its single-stock underlying asset. It is structured for market participants seeking tactical, intraday, or short-term exposure rather than long-term tracking, and it is rebalanced daily to maintain its target leverage. As a non-diversified ETF, it concentrates its exposure on one company, making it a specialized tool within the leveraged equity segment of the market. Leverage Shares 2X Long CRCL Daily ETF is part of the broader suite of products offered by Leverage Shares and is used primarily by sophisticated investors and active traders looking for amplified directional exposure to Circle Internet Group.