Leverage Shares Plans Cash-First Anthropic 3x ETP

Leverage Shares plans to launch a European exchange-traded product tied to Anthropic that will hold interest-bearing cash-like assets until the AI company goes public, then target three times the daily performance of Anthropic’s stock. The structure gives investors pre-IPO exposure to one of the largest private AI developers without holding shares directly, with the cash buffer designed to earn yield while the listing is pending. The move extends the boom in single-stock leveraged ETPs into private AI names, a segment where public-market investors have had few direct routes. Key details—including the listing venue, fee, and launch date—were not disclosed. Watch for Anthropic’s IPO timeline and whether rival issuers follow with similar cash-first leveraged products.