Direxion Plans 2X Bull and Bear ETFs on Anthropic for Day One After IPO

What Direxion is launching

Direxion, an ETF provider, said it intends to launch ANTO and ANTD. ANTO will seek daily investment results, before fees and expenses, of 200% of the daily performance of Anthropic's Class A common stock. ANTD will seek daily results of 200% of the inverse (-200%) of that performance.

According to Direxion, both funds are expected to begin trading on the first trading day after Anthropic's Class A common stock starts trading. The launch is subject to SEC effectiveness and completion of Anthropic's offering.

What the filing says about Anthropic's IPO

Anthropic has applied to list on the Nasdaq Global Select Market under the symbol ANT. The price range and size of the offering have not yet been set.

Direxion cites the filing as showing revenue of $16.3 billion for the six months ended June 30, 2026, compared with $1.2 billion in the same period a year earlier. The company describes a listing as opening trading access to one of the few pure-play developers of frontier AI models, and as one of the most closely watched technology debuts of 2026, alongside SpaceX and an anticipated OpenAI listing.

Fit with Direxion's single-stock lineup

Direxion says ANTO and ANTD would complement its existing Microsoft, Google and Nvidia-related products. They would join its single-stock leveraged and inverse range, which includes the Tesla funds TSLL and TSLS, the SpaceX funds LOFF and LOFD, and the Nvidia funds NVDU and NVDD.

"Anthropic's S-1 moves this IPO from anticipation to the calendar, and traders are already focused on how they will express a view," said Mo Sparks, Chief Product Officer at Direxion. He said the firm plans to have the funds trading the first session after Anthropic goes public, giving active traders "a focused pair of 2X daily tools to trade either direction from day one."

Direxion also describes itself as the leading issuer of single-stock ETFs in the U.S. It says it was founded in 1997 and had approximately $70.8 billion in assets under management as of September 30, 2026.

Risks and what it means for investors

Direxion stresses that its leveraged and inverse ETFs are intended only for investors with an in-depth understanding of leverage risks who plan to actively monitor and manage their positions. There is no guarantee the funds will meet their objective.

• The funds pursue daily goals and should not be expected to track the underlying stock over periods longer than one day.
• Over longer periods, the bull fund can lose money even if the stock rises, and the bear fund can lose money even if the stock falls.
• The funds track a single stock, so they offer no diversification, and investing in them is not equivalent to investing directly in Anthropic.
• Direxion notes that Anthropic may experience heightened volatility and lists risks including intense competition, reliance on third-party cloud infrastructure, regulatory scrutiny and the possibility that it cannot sustain revenue growth or reach profitability.

For traders, the plan means leveraged long and short exposure to Anthropic could be available from the first session of public trading, if the IPO proceeds and the SEC requirements are met.