ProShares to Launch First Leveraged and Inverse Anthropic ETFs Following AI Giant's IPO

ProShares is expanding its suite of single-stock ETFs with the planned launch of leveraged and inverse funds targeting Anthropic following its initial public offering. These instruments provide fintech investors and traders with high-conviction tools to either amplify daily returns or hedge exposure against the AI developer as it transitions to the public markets.

What was announced

ProShares has filed plans to launch two exchange-traded funds (ETFs) specifically designed to track the daily performance of Anthropic. The ProShares Ultra Anthropic (NASDAQ: ANTU) will target 2x daily returns of the company’s stock, offering a leveraged bullish position. Conversely, the ProShares UltraShort Anthropic (NASDAQ: ANTY) will target -2x daily returns, providing an inverse mechanism for investors to profit from daily price declines or to hedge existing exposure.

These funds are intended for sophisticated investors looking to manage volatility or magnify their outlook on one of the most prominent names in the artificial intelligence sector. Anthropic is widely recognized as the creator of Claude, a family of advanced large language models (LLMs) that facilitate conversational AI, coding, and complex data analysis. The company’s ecosystem includes the Claude app and an enterprise-ready API used by developers and global organizations.

The new ETFs will join ProShares’ existing lineup of single-stock geared products. This category already includes funds targeting 2x daily returns for other high-profile technology and fintech entities, such as NVIDIA, Tesla, Palantir, Coinbase, and Circle, as well as international players like SK hynix and private-to-public prospects like SpaceX. The launch of ANTU and ANTY is contingent upon Anthropic completing its anticipated IPO.

"ANTU, the 2x leveraged Anthropic ETF, will offer investors a convenient way to magnify a bullish view on Anthropic through a single ticker in a brokerage account. ANTY, the –2x inverse Anthropic ETF, will allow investors to seek profit when the price of Anthropic stock declines on a given day, or hedge their exposure to the company."

Michael L. Sapir, CEO of ProShares.

The companies involved

ProShares is a dominant force in the geared investing space, managing the world’s largest lineup of leveraged and inverse ETFs. The firm oversees more than 115 funds with over $77 billion in total assets. Its portfolio spans a diverse range of asset classes, including equities, fixed income, commodities, currencies, and volatility-linked products. ProShares has been a pioneer in bringing complex trading strategies to the ETF format, allowing retail and institutional investors to access sophisticated financial maneuvers through standard brokerage accounts.

Anthropic, the target of these new ETFs, is a leading artificial intelligence safety and research company. It has emerged as a primary competitor in the generative AI landscape through its Claude models, which are designed to be helpful, harmless, and honest. Beyond its consumer-facing applications, Anthropic has focused heavily on the enterprise market, providing the underlying infrastructure for AI-driven writing, analysis, and software development. The company’s move toward a public listing is one of the most closely watched events in the technology sector, representing a significant milestone for the current wave of AI commercialization.

What FF News has reported before

FF News has tracked Anthropic’s deepening integration into the financial services ecosystem and the growing investor appetite for its shares. We recently reported on how Anthropic Launches Personal Finance in Claude: AI-Powered Banking Insights via Plaid, a move that brought AI-driven financial management directly to consumers. The insurance sector has also seen significant adoption, with Amwins Scaling AI Strategy with Anthropic's Claude Integration Across 8,000 Employees.

On the trading front, the market’s eagerness for Anthropic exposure has been evident well before its official IPO. We covered how BingX Launches Anthropic Pre-IPO Trading and 500,000 USDT Prize Pool, and noted that Hypercall Launches World’s First 24/7 Anthropic-Linked Options Market Ahead of IPO. These developments highlight a robust secondary market and a high level of speculative interest that ProShares is now looking to formalize in the ETF space.

What this means

The filing for these ETFs before Anthropic has even hit the public tape underscores the intense market demand for high-beta AI exposure. Single-stock leveraged ETFs have become a preferred vehicle for traders who find traditional index-based products too diluted for the current "winner-takes-all" AI narrative. By offering -2x exposure, ProShares is also acknowledging the potential for significant pullbacks in AI valuations, providing a necessary tool for those who believe the sector is overheated.

This move puts pressure on traditional asset managers to offer more granular tools as the distinction between "tech" and "AI" continues to sharpen. For the broader fintech industry, the immediate availability of such aggressive trading instruments for a newly public company suggests that the window between a private unicorn and a highly liquid, volatile public asset is shrinking faster than ever.