<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/nport" xmlns:com="http://www.sec.gov/edgar/common" xmlns:ncom="http://www.sec.gov/edgar/nportcommon" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <headerData>
    <submissionType>NPORT-P/A</submissionType>
    <isConfidential>false</isConfidential>
    <accessionNumber>0001145549-25-010426</accessionNumber>
    <filerInfo>

      <filer>
        <issuerCredentials>
          <cik>0001976322</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>


      <seriesClassInfo>
        <seriesId>S000085496</seriesId>
        <classId>C000250779</classId>
      </seriesClassInfo>


    </filerInfo>
  </headerData>
  <formData>
    <genInfo>
      <regName>Themes ETF Trust</regName>
      <regFileNumber>811-23872</regFileNumber>
      <regCik>0001976322</regCik>
      <regLei>529900NYKGD1N3B8DB45</regLei>
      <regStreet1>34 East Putnam Avenue</regStreet1>
      <regStreet2>Suite 112</regStreet2>
      <regCity>Greenwich</regCity>
      <regStateConditional regCountry="US" regState="US-CT"/>
      <regZipOrPostalCode>06830</regZipOrPostalCode>
      <regPhone>646-206-1788</regPhone>
      <seriesName>Themes Lithium &amp; Battery Metal Miners ETF</seriesName>
      <seriesId>S000085496</seriesId>
      <seriesLei>529900G1VRM61T7BAK77</seriesLei>
      <repPdEnd>2025-09-30</repPdEnd>
      <repPdDate>2024-12-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>543319.530000000000</totAssets>
      <totLiabs>50683.580000000000</totLiabs>
      <netAssets>492635.950000000000</netAssets>
      <assetsAttrMiscSec>0.000000000000</assetsAttrMiscSec>
      <assetsInvested>0.000000000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.000000000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.000000000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.000000000000</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0.000000000000</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0.000000000000</amtPayAftOneYrBanksBorr>
      <amtPayAftOneYrCtrldComp>0.000000000000</amtPayAftOneYrCtrldComp>
      <amtPayAftOneYrOthAffil>0.000000000000</amtPayAftOneYrOthAffil>
      <amtPayAftOneYrOther>0.000000000000</amtPayAftOneYrOther>
      <delayDeliv>0.000000000000</delayDeliv>
      <standByCommit>0.000000000000</standByCommit>
      <liquidPref>0.000000000000</liquidPref>
      <isNonCashCollateral>N</isNonCashCollateral>
      <returnInfo>
        <monthlyTotReturns>
          <monthlyTotReturn classId="C000250779" rtn1="3.40" rtn2="-3.710000000000" rtn3="-13.190000000000"/>
        </monthlyTotReturns>
        <othMon1 netRealizedGain="305.690000000000" netUnrealizedAppr="8891.190000000000"/>
        <othMon2 netRealizedGain="650.060000000000" netUnrealizedAppr="-35628.010000000000"/>
        <othMon3 netRealizedGain="-53166.360000000000" netUnrealizedAppr="-103355.350000000000"/>
      </returnInfo>
      <mon1Flow redemption=".000000000000" reinvestment=".000000000000" sales="321377.000000000000"/>
      <mon2Flow redemption=".000000000000" reinvestment=".000000000000" sales=".000000000000"/>
      <mon3Flow redemption="535766.000000000000" reinvestment=".000000000000" sales="306220.000000000000"/>



      <varInfo>

        <fundsDesignatedInfo>
          <nameDesignatedIndex>N/A</nameDesignatedIndex>
          <indexIdentifier>N/A</indexIdentifier>

        </fundsDesignatedInfo>

      </varInfo>
    </fundInfo>
    <invstOrSecs>
      <invstOrSec>
        <name>Syrah Resources Ltd</name>
        <lei>254900ZS2VP83B6L6Y30</lei>
        <title>Syrah Resources Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000SYR9"/>
          <ticker value="SYR"/>
        </identifiers>
        <balance>27649.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.615640000000"/>
        <valUSD>3508.240000000000</valUSD>
        <pctVal>0.7121364164</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMG Critical Materials NV</name>
        <lei>5493006MN6OH67U2YI74</lei>
        <title>AMG Critical Materials NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0000888691"/>
          <ticker value="AMG"/>
        </identifiers>
        <balance>379.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".965390000000"/>
        <valUSD>5456.970000000000</valUSD>
        <pctVal>1.1077084407</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ganfeng Lithium Group Co Ltd</name>
        <lei>3003006BE6UOHWEOOR42</lei>
        <title>Ganfeng Lithium Group Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000SF6"/>
          <ticker value="002460"/>
        </identifiers>
        <balance>2400.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.299250000000"/>
        <valUSD>11511.320000000000</valUSD>
        <pctVal>2.3366788396</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TINCI</name>
        <lei>836800Y28XV3QK34CB65</lei>
        <title>Guangzhou Tinci Materials Technology Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001RG4"/>
          <ticker value="002709"/>
        </identifiers>
        <balance>7116.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.299250000000"/>
        <valUSD>19224.920000000000</valUSD>
        <pctVal>3.9024598185</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zhejiang Huayou Cobalt Co Ltd</name>
        <lei>30030099QFLNMEGP7M05</lei>
        <title>Zhejiang Huayou Cobalt Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001VW3"/>
          <ticker value="603799"/>
        </identifiers>
        <balance>4100.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.299250000000"/>
        <valUSD>16435.390000000000</valUSD>
        <pctVal>3.3362140948</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Xiamen Tungsten Co Ltd</name>
        <lei>300300SEC2FOC4PL5N49</lei>
        <title>Xiamen Tungsten Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001D15"/>
          <ticker value="600549"/>
        </identifiers>
        <balance>2800.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.299250000000"/>
        <valUSD>7391.990000000000</valUSD>
        <pctVal>1.5004974769</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Arcadium Lithium PLC</name>
        <lei>5299008YH4W6QL5DPN51</lei>
        <title>Arcadium Lithium PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JE00BM9HZ112"/>
          <ticker value="ALTM"/>
        </identifiers>
        <balance>6289.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>32262.570000000000</valUSD>
        <pctVal>6.5489678534</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Energy Fuels Inc/Canada</name>
        <lei>529900P0GCATXMGK8I62</lei>
        <title>Energy Fuels Inc/Canada</title>
        <cusip>292671708</cusip>
        <identifiers>
          <isin value="CA2926717083"/>
          <ticker value="UUUU"/>
        </identifiers>
        <balance>952.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4883.760000000000</valUSD>
        <pctVal>0.9913527423</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Eramet SA</name>
        <lei>549300LUH78PG2MP6N64</lei>
        <title>Eramet SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000131757"/>
          <ticker value="ERA"/>
        </identifiers>
        <balance>349.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".965390000000"/>
        <valUSD>19575.870000000000</valUSD>
        <pctVal>3.9736990368</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Standard Lithium Ltd</name>
        <lei>549300LA4BSHAKT4SL33</lei>
        <title>Standard Lithium Ltd</title>
        <cusip>853606101</cusip>
        <identifiers>
          <isin value="CA8536061010"/>
          <ticker value="SLI"/>
        </identifiers>
        <balance>1381.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.437450000000"/>
        <valUSD>1998.320000000000</valUSD>
        <pctVal>0.4056382812</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shanghai Putailai New Energy T</name>
        <lei>N/A</lei>
        <title>Shanghai Putailai New Energy Technology Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002TX3"/>
          <ticker value="603659"/>
        </identifiers>
        <balance>4100.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.299250000000"/>
        <valUSD>8936.670000000000</valUSD>
        <pctVal>1.8140515324</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Piedmont Lithium Inc</name>
        <lei>254900QJ73581MY1JN11</lei>
        <title>Piedmont Lithium Inc</title>
        <cusip>72016P105</cusip>
        <identifiers>
          <isin value="US72016P1057"/>
          <ticker value="PLL"/>
        </identifiers>
        <balance>1650.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14421.000000000000</valUSD>
        <pctVal>2.9273137699</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sociedad Quimica y Minera de C</name>
        <lei>TJ88LXZZW5PWIN93ZC81</lei>
        <title>Sociedad Quimica y Minera de Chile SA</title>
        <cusip>833635105</cusip>
        <identifiers>
          <isin value="US8336351056"/>
          <ticker value="SQM"/>
        </identifiers>
        <balance>304.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11053.440000000000</valUSD>
        <pctVal>2.2437339378</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chalice Mining Ltd</name>
        <lei>5299008IXHWMQDOE1437</lei>
        <title>Chalice Mining Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000CHN7"/>
          <ticker value="CHN"/>
        </identifiers>
        <balance>9088.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.615640000000"/>
        <valUSD>6215.640000000000</valUSD>
        <pctVal>1.2617105999</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Liontown Resources Ltd</name>
        <lei>529900LT0V2IEL7WZY56</lei>
        <title>Liontown Resources Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000LTR4"/>
          <ticker value="LTR"/>
        </identifiers>
        <balance>38809.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.615640000000"/>
        <valUSD>12610.930000000000</valUSD>
        <pctVal>2.5598882907</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Latin Resources Ltd</name>
        <lei>5299002UAMIY0SPJKI86</lei>
        <title>Latin Resources Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000LRS6"/>
          <ticker value="LRS"/>
        </identifiers>
        <balance>101230.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.615640000000"/>
        <valUSD>10025.010000000000</valUSD>
        <pctVal>2.0349732901</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Youngy Co Ltd</name>
        <lei>N/A</lei>
        <title>Youngy Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000008C9"/>
          <ticker value="002192"/>
        </identifiers>
        <balance>3100.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.299250000000"/>
        <valUSD>13547.970000000000</valUSD>
        <pctVal>2.7500977141</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YAHUA GROUP</name>
        <lei>300300K1MUDTK55VMN82</lei>
        <title>Sichuan Yahua Industrial Group Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000WF8"/>
          <ticker value="002497"/>
        </identifiers>
        <balance>5200.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.299250000000"/>
        <valUSD>8335.100000000000</valUSD>
        <pctVal>1.6919390475</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IGO Ltd</name>
        <lei>2549005DZO8VGXM5QN07</lei>
        <title>IGO Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000IGO4"/>
          <ticker value="IGO"/>
        </identifiers>
        <balance>6434.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.615640000000"/>
        <valUSD>18995.680000000000</valUSD>
        <pctVal>3.8559264707</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sumitomo Metal Mining Co Ltd</name>
        <lei>353800CF81IXL9974H84</lei>
        <title>Sumitomo Metal Mining Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3402600005"/>
          <ticker value="5713"/>
        </identifiers>
        <balance>500.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="157.345000000000"/>
        <valUSD>11481.140000000000</valUSD>
        <pctVal>2.3305526119</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jiangsu Ruitai New Energy Mate</name>
        <lei>N/A</lei>
        <title>Jiangsu Ruitai New Energy Materials Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100005DV4"/>
          <ticker value="301238"/>
        </identifiers>
        <balance>6000.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.299250000000"/>
        <valUSD>12872.560000000000</valUSD>
        <pctVal>2.6129964734</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lithium Americas Argentina Cor</name>
        <lei>529900Q9ENG7EHHZ5R75</lei>
        <title>Lithium Americas Argentina Corp</title>
        <cusip>53681K100</cusip>
        <identifiers>
          <isin value="CA53681K1003"/>
          <ticker value="LAAC"/>
        </identifiers>
        <balance>1784.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.437450000000"/>
        <valUSD>4691.310000000000</valUSD>
        <pctVal>0.9522873838</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GEM Co Ltd</name>
        <lei>300300FYIZ7FGM2QRC06</lei>
        <title>GEM Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000KT4"/>
          <ticker value="002340"/>
        </identifiers>
        <balance>19200.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.299250000000"/>
        <valUSD>17176.560000000000</valUSD>
        <pctVal>3.4866639351</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sigma Lithium Corp</name>
        <lei>N/A</lei>
        <title>Sigma Lithium Corp</title>
        <cusip>826599102</cusip>
        <identifiers>
          <isin value="CA8265991023"/>
          <ticker value="SGML"/>
        </identifiers>
        <balance>85.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.437450000000"/>
        <valUSD>951.440000000000</valUSD>
        <pctVal>0.1931324744</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Albemarle Corp</name>
        <lei>HDBLS2Q6GV1LSKQPBS54</lei>
        <title>Albemarle Corp</title>
        <cusip>012653101</cusip>
        <identifiers>
          <isin value="US0126531013"/>
          <ticker value="ALB"/>
        </identifiers>
        <balance>379.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>32624.320000000000</valUSD>
        <pctVal>6.6223993600</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shin-Etsu Chemical Co Ltd</name>
        <lei>353800PX8Q64N86H5W41</lei>
        <title>Shin-Etsu Chemical Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3371200001"/>
          <ticker value="4063"/>
        </identifiers>
        <balance>700.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="157.345000000000"/>
        <valUSD>23560.960000000000</valUSD>
        <pctVal>4.7826310686</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Atlas Lithium Corp</name>
        <lei>5493006FIK0ZLW06RD76</lei>
        <title>Atlas Lithium Corp</title>
        <cusip>105861306</cusip>
        <identifiers>
          <isin value="US1058613068"/>
          <ticker value="ATLX"/>
        </identifiers>
        <balance>611.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3867.630000000000</valUSD>
        <pctVal>0.7850888673</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Altius Minerals Corp</name>
        <lei>54930083UJGDUCMJMU61</lei>
        <title>Altius Minerals Corp</title>
        <cusip>020936100</cusip>
        <identifiers>
          <isin value="CA0209361009"/>
          <ticker value="ALS"/>
        </identifiers>
        <balance>325.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.437450000000"/>
        <valUSD>6018.640000000000</valUSD>
        <pctVal>1.2217216385</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>First American Treasury Obliga</name>
        <lei>549300UU586IAH2B8H03</lei>
        <title>First American Treasury Obligations Fund</title>
        <cusip>31846V328</cusip>
        <identifiers>
          <isin value="US31846V3289"/>
          <ticker value="FXFXX"/>
        </identifiers>
        <balance>52867.670000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>52867.670000000000</valUSD>
        <pctVal>10.7315899296</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mineral Resources Ltd</name>
        <lei>5299007V1ACKFFX2P066</lei>
        <title>Mineral Resources Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000MIN4"/>
          <ticker value="MIN"/>
        </identifiers>
        <balance>511.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.615640000000"/>
        <valUSD>10832.700000000000</valUSD>
        <pctVal>2.1989260021</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pilbara Minerals Ltd</name>
        <lei>5299000VV1CZVF5K9C16</lei>
        <title>Pilbara Minerals Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000PLS0"/>
          <ticker value="PLS"/>
        </identifiers>
        <balance>19847.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.615640000000"/>
        <valUSD>26902.610000000000</valUSD>
        <pctVal>5.4609514389</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Core Lithium Ltd</name>
        <lei>529900FYS46XFGQKWI31</lei>
        <title>Core Lithium Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000CXO2"/>
          <ticker value="CXO"/>
        </identifiers>
        <balance>90443.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.615640000000"/>
        <valUSD>4982.190000000000</valUSD>
        <pctVal>1.0113330138</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Talga Group Ltd</name>
        <lei>529900N20AS6EW9W0B96</lei>
        <title>Talga Group Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000TLG7"/>
          <ticker value="TLG"/>
        </identifiers>
        <balance>6808.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.615640000000"/>
        <valUSD>1854.080000000000</valUSD>
        <pctVal>0.3763590538</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sayona Mining Ltd</name>
        <lei>5299007N8RQDP4IN4F31</lei>
        <title>Sayona Mining Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000SYA5"/>
          <ticker value="SYA"/>
        </identifiers>
        <balance>288400.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.615640000000"/>
        <valUSD>4819.640000000000</valUSD>
        <pctVal>0.9783370458</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tianqi Lithium Corp</name>
        <lei>300300IZ1J0MQ8YVEG66</lei>
        <title>Tianqi Lithium Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000T32"/>
          <ticker value="002466"/>
        </identifiers>
        <balance>4700.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.299250000000"/>
        <valUSD>21248.760000000000</valUSD>
        <pctVal>4.3132783955</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CAPCHEM</name>
        <lei>83680035MFDI4S2P0866</lei>
        <title>Shenzhen Capchem Technology Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000K15"/>
          <ticker value="300037"/>
        </identifiers>
        <balance>2300.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.299250000000"/>
        <valUSD>11797.380000000000</valUSD>
        <pctVal>2.3947460594</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EASPRING</name>
        <lei>N/A</lei>
        <title>Beijing Easpring Material Technology Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000NN1"/>
          <ticker value="300073"/>
        </identifiers>
        <balance>2900.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.299250000000"/>
        <valUSD>16003.290000000000</valUSD>
        <pctVal>3.2485022662</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Umicore SA</name>
        <lei>529900F3AIQECS8ZSV61</lei>
        <title>Umicore SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0974320526"/>
          <ticker value="UMI"/>
        </identifiers>
        <balance>616.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".965390000000"/>
        <valUSD>6352.130000000000</valUSD>
        <pctVal>1.2894166575</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>American Lithium Corp</name>
        <lei>5299003L5RONUC1YCA16</lei>
        <title>American Lithium Corp</title>
        <cusip>027259209</cusip>
        <identifiers>
          <isin value="CA0272592092"/>
          <ticker value="LI"/>
        </identifiers>
        <balance>1220.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.437450000000"/>
        <valUSD>466.800000000000</valUSD>
        <pctVal>0.0947555695</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ioneer Ltd</name>
        <lei>N/A</lei>
        <title>ioneer Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000028946"/>
          <ticker value="INR"/>
        </identifiers>
        <balance>40171.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.615640000000"/>
        <valUSD>3978.210000000000</valUSD>
        <pctVal>0.8075354631</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vulcan Energy Resources Ltd</name>
        <lei>8945006OYFHQ9HE4XE54</lei>
        <title>Vulcan Energy Resources Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000066086"/>
          <ticker value="VUL"/>
        </identifiers>
        <balance>1603.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.615640000000"/>
        <valUSD>5308.140000000000</valUSD>
        <pctVal>1.0774974908</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ganzhou Teng Yuan Cobalt New M</name>
        <lei>6556001VENKEZG6FQU07</lei>
        <title>Ganzhou Teng Yuan Cobalt New Material Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000058N1"/>
          <ticker value="301219"/>
        </identifiers>
        <balance>1000.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.299250000000"/>
        <valUSD>6193.790000000000</valUSD>
        <pctVal>1.2572752760</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Canada Nickel Co Inc</name>
        <lei>98450085D4996CQE9B17</lei>
        <title>Canada Nickel Co Inc</title>
        <cusip>13515Q103</cusip>
        <identifiers>
          <isin value="CA13515Q1037"/>
          <ticker value="CNC"/>
        </identifiers>
        <balance>854.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.437450000000"/>
        <valUSD>546.580000000000</valUSD>
        <pctVal>0.1109500839</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Patriot Battery Metals Inc</name>
        <lei>529900XDIJAIG9QO0I38</lei>
        <title>Patriot Battery Metals Inc</title>
        <cusip>70337R107</cusip>
        <identifiers>
          <isin value="CA70337R1073"/>
          <ticker value="PMET"/>
        </identifiers>
        <balance>1755.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.437450000000"/>
        <valUSD>4273.190000000000</valUSD>
        <pctVal>0.8674133506</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ningbo Shanshan Co Ltd</name>
        <lei>300300MXM0RPCBS6WT25</lei>
        <title>Ningbo Shanshan Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000JJ8"/>
          <ticker value="600884"/>
        </identifiers>
        <balance>5500.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.299250000000"/>
        <valUSD>5613.590000000000</valUSD>
        <pctVal>1.1395006800</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Atlantic Lithium Ltd</name>
        <lei>213800H1JY3J7BB6BN06</lei>
        <title>Atlantic Lithium Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000237554"/>
          <ticker value="ALL"/>
        </identifiers>
        <balance>6427.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".798790000000"/>
        <valUSD>1363.780000000000</valUSD>
        <pctVal>0.2768332275</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lithium Americas Corp</name>
        <lei>N/A</lei>
        <title>Lithium Americas Corp</title>
        <cusip>53681J103</cusip>
        <identifiers>
          <isin value="CA53681J1030"/>
          <ticker value="LAC"/>
        </identifiers>
        <balance>5954.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.437450000000"/>
        <valUSD>17810.850000000000</valUSD>
        <pctVal>3.6154182414</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-02-14</ncom:dateSigned>
      <ncom:nameOfApplicant>Themes ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>/s/ Dobromir Kamburov</ncom:signature>
      <ncom:signerName>Dobromir Kamburov</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
