Tradr ETFs files with SEC for two leveraged funds tied to Anthropic

Anthropic hasn’t even started trading publicly yet, and Wall Street is already building the casino around it.

Tradr ETFs filed a registration statement with the SEC on September 2 to launch two leveraged exchange-traded funds directly tied to the AI company’s common stock. The products, Tradr 2X Long Anthropic Daily ETF (ticker: ANTT) and Tradr 2X Short Anthropic Daily ETF (ticker: ANTZ), are designed to deliver +200% or -200% of Anthropic’s daily stock performance, respectively. Both are expected to list on Cboe.

What the funds actually do

Leveraged ETFs are not buy-and-hold instruments. They reset daily, meaning they aim to double (or inverse-double) the return of their underlying asset on any given trading day, not over weeks or months. For ANTT, if Anthropic’s stock rises 3% on a Tuesday, the fund targets a 6% gain that day. For ANTZ, that same 3% move would translate to roughly a 6% loss.

Over longer periods, the math gets weird. Daily compounding can cause leveraged funds to drift significantly from the simple 2X multiple investors might expect, especially in choppy markets where a stock bounces up and down without trending clearly. This effect, sometimes called volatility decay, is why these products carry bold-font risk warnings and are marketed toward professional and sophisticated traders rather than retirement savers.

Tradr isn’t exactly new to this game. The firm already manages a suite of 83 leveraged and inverse single-stock or ETF products, spanning high-growth sectors that tend to attract the kind of traders who enjoy large daily swings.

Why Anthropic, and why now

Anthropic submitted its draft IPO registration on June 1, making it one of the most closely watched public offerings in the AI sector. The company, best known as the maker of the Claude family of AI models, was valued at approximately $965 billion in its most recent funding round before the IPO filing.

Tradr isn’t the only firm positioning for this opportunity. Direxion and GraniteShares have also filed for similar 2X long and short products linked to Anthropic.

The broader trend in single-stock leveraged ETFs

Single-stock leveraged ETFs have exploded in popularity over the past few years, particularly around mega-cap tech names and companies with devoted retail followings. The structure gives traders a way to express short-term directional views without using options or margin accounts, which come with their own complexity and risk management requirements.

The SEC allowed single-stock leveraged ETFs to begin trading in 2022, and since then the category has grown rapidly.

With Anthropic’s public listing still ahead, the exact launch timing for these ETFs remains tied to the IPO timeline.

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