Our client, Themes ETFs, has reached a significant achievement, crossing the $500M threshold of assets under management (AUM). This is a major accomplishment for a relatively new player in the ETF space. Themes launched its first funds in December of 2023 and has made its mark as a rapidly growing issuer of thematic and leveraged single-stock ETFs. Practus has been Themes’ counsel since the establishment of their Trust and we are gratified to see this milestone reached by such a forward-thinking and innovative player in the ETF landscape.