REX Shares and Tuttle Capital Management have filed for exchange-traded funds (ETFs) aimed to deliver twice the daily performance of SpaceX and Anthropic once the companies begin trading.
ETF Firms Move Early To Capture IPO Buzz
The proposed funds — branded as 2x leveraged ETFs — reflect a growing trend among asset managers to move aggressively and secure early-mover advantage in products tied to high-profile listings, Reuters reported on Thursday.
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SpaceX is widely expected to file for an IPO in the near term, while Anthropic is also seen going public in 2026.
Both companies have drawn intense investor interest, making them prime targets for speculative, retail-focused investment products.
Industry participants say these filings underscore how competitive the ETF space has become, with firms attempting to position themselves ahead of rivals even before key details of the IPOs are confirmed, the report added.
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The planned ETFs aim to amplify daily stock movements by 200%, a structure that can magnify both gains and losses.
Leveraged single-stock ETFs have gained traction among retail traders tracking volatile names like Tesla Inc. and Nvidia Corp.
However, analysts caution that such products carry elevated risk, especially when tied to companies that have yet to debut in public markets.
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This article SpaceX And Anthropic IPO Frenzy Begins Early As REX Shares, Tuttle Capital File For 2x Leveraged ETFs originally appeared on Benzinga.com
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