If you've ever thought "I'd like to own this stock, but what I really want is twice the heartburn," Leverage Shares by Themes has you covered.

The ETF issuer rolled out six new leveraged single-stock ETFs on Tuesday, giving traders 2x daily exposure to a collection of companies at the intersection of clean energy, critical minerals, defense technology, and crypto mining. These aren't boring blue chips. These are the kinds of names that move fast and break things, including sometimes your portfolio.

The funds are designed to deliver twice the daily performance of their underlying stocks, whether markets are climbing or cratering. That means amplified gains on good days and amplified losses on bad ones. It's leverage, so the math works both ways.

The new lineup targets USA Rare Earth Inc. (USAR), Ondas Holdings Inc. (ONDS), Plug Power Inc. (PLUG), Albemarle Corp (ALB), Hut 8 Corp (HUT), and Energy Fuels Inc. (UUUU). These companies operate in some of the market's most volatile corners, tied to rare earth supply chains, uranium production, electrification infrastructure, and digital asset mining.

The New Funds

Here's the full roster:

• Leverage Shares 2X Long USAR Daily ETF (NASDAQ:USGG)
• Leverage Shares 2X Long ONDS Daily ETF (NASDAQ:ONDG)
• Leverage Shares 2X Long PLUG Daily ETF (NASDAQ:PLUL)
• Leverage Shares 2X Long ALB Daily ETF (NASDAQ:ALBG)
• Leverage Shares 2X Long HUT Daily ETF (NASDAQ:HUTG)
• Leverage Shares 2X Long UUUU Daily ETF (NASDAQ:UUUG)

Each fund charges a 0.75% management fee, which Themes describes as an industry low for single-stock leveraged ETFs. That's competitive, especially for products that require daily rebalancing and active oversight.

A Crowded Trade

What makes this launch particularly interesting is the timing. On the exact same day, Tradr ETFs debuted four new 2x daily leveraged ETFs targeting critical metals, automation software, and defense-linked technology. Their lineup includes products tracking USA Rare Earth and Ondas Holdings, among others.

The overlap is striking. Multiple issuers are rushing to offer leveraged exposure to the same volatile names, particularly in rare earths and defense-adjacent sectors. This isn't coincidence. It's a reflection of surging trader demand driven by geopolitics, national security concerns, and renewed attention to supply chain resilience.

With several firms now competing for the same slice of the leveraged single-stock market, the category is getting more crowded even as assets continue flowing in. Traders want exposure to these themes, and they want it amplified.

Why Now?

Paul Marino, chief revenue officer at Themes ETFs, said the new funds are designed to give traders efficient, transparent tools to express short-term, high-conviction views without directly trading derivatives. Translation: if you think Plug Power is about to rip or Hut 8 is heading south, you can now place that bet with leverage in an ETF wrapper instead of messing around with options.

It's worth noting these are daily reset products. The 2x multiplier applies to each day's performance, not longer holding periods. Over time, compounding effects can cause performance to deviate significantly from twice the underlying stock's return, especially in choppy markets. These are tools for traders, not buy-and-hold investors.

With these six new launches, Leverage Shares by Themes now offers 71 leveraged single-stock daily ETFs. That's a lot of ways to amplify your conviction or regret, depending on how things play out.