A close examination of documents submitted to the U.S. Securities and Exchange Commission (SEC) has revealed that multiple issuers have made at least 14 proposals for leveraged ETFs linked to the future shares of the privately held company Anthropic.

According to the filings, eight sponsor groups, including Direxion, Leverage Shares, T-REX, and Corgi, have proposed series that include 2x long and 2x short positions. Some of these applications were filed even before the company announced that it had obtained the option for a confidential initial public offering (IPO) on 2026-06-01.

It is explicitly stated that the proposed funds will not commence operations until Anthropic's common stock is listed on an exchange and trading begins. While ETF issuers state that they will be able to secure the necessary exposure upon completion of the IPO, they also warn that operations may become impossible if the IPO is not completed.

Anthropic announced on May 28 that it had raised $65 billion, bringing its corporate valuation to $965 billion. These ETF applications are viewed as part of the market's preparatory phase for the company's IPO, although registration with the SEC does not imply approval of these funds.

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