Leverage Shares 3x Palantir ETP is an exchange-traded note (ETN) designed to deliver three times the daily performance of Palantir Technologies Inc. equity, net of fees and expenses. It tracks the iSTOXX Leveraged 3x PLTR Index, employing physical replication through collateral assets to achieve this leveraged exposure. Launched on June 15, 2021, and domiciled in Ireland, the ETP is issued by Leverage Shares Public Limited Company and managed passively by Leverage Shares Management Company Limited. As an accumulating instrument, it reinvests any dividends rather than distributing them, with a total expense ratio around 0.75% to 3.75% annually, depending on the source metric. Notable features include high volatility due to daily rebalancing and compounding effects, which can lead to returns diverging significantly from 3x the underlying over periods longer than one day, especially in volatile markets. With assets under management recently around 18-29 million EUR and shares outstanding at approximately 38,650, it serves sophisticated investors seeking amplified short-term exposure to Palantir, a leader in big data analytics and AI software, without principal protection or interest payments. This ETP plays a niche role in the derivatives market, enabling tactical strategies tied to technology sector movements while carrying substantial risk of capital loss.