Leverage Shares Readies Leveraged and Short ETFs Tied to Anthropic Stock
Leverage Shares by Themes is preparing to launch three leveraged and inverse ETFs linked to Anthropic's stock, ahead of the company's anticipated public listing. The funds are called ANUU, ANDD and ANSS, and the expected ticker for Anthropic is ANT, according to the firm.
- Leverage Shares by Themes is preparing three ETFs tied to Anthropic's expected stock, ticker ANT: ANUU, ANDD and ANSS.
- ANUU seeks 200% of the stock's daily performance, ANDD seeks -200% and ANSS seeks -100%, before fees and expenses.
- Returns over periods longer than one day can differ significantly from the stated multiple because of daily rebalancing and compounding.
- Launch date, fees and listing details have not been given; the company says more details are coming soon.
- Anthropic does not sponsor or endorse the funds, according to the release.
Three funds, three exposures
In a press release dated Nov. 2, 2026, Leverage Shares by Themes said it is getting ready to introduce three exchange-traded funds tied to Anthropic's stock. The products are the Leverage Shares 2x Long Anthropic Daily ETF (ANUU), the Leverage Shares 2x Short Anthropic Daily ETF (ANDD) and the Leverage Shares 1x Short Anthropic Daily ETF (ANSS).
According to the company, leveraged and inverse single-stock ETFs seek defined multiples, or inverse multiples, of the daily performance of an individual stock. ANUU seeks 200% of the daily performance of its reference stock, before fees and expenses. ANDD generally seeks -200% of the stock's daily performance, while ANSS seeks -100%.
The firm says these products can provide leveraged bullish or inverse daily exposure through an exchange-traded structure, without requiring an investor to set up a leveraged or short position in the underlying stock directly.
Why the word daily matters
The release stresses that the daily objective is central. Because leveraged and inverse ETFs rebalance each trading day, returns over periods longer than a single day can differ significantly from the stated multiple of the underlying stock's cumulative return.
The risk disclosures spell out the consequences. For periods longer than a single day, the funds may lose money even if Anthropic's stock price stays flat or moves in a direction consistent with a fund's objective. An investor could lose the full principal value of an investment in ANUU if Anthropic's stock falls by more than 50% in a single trading day, or in ANDD if the stock rises by more than 50% in a single trading day. ANSS also carries the risk of substantial or total loss if the stock rises significantly.
The funds do not invest directly in the underlying stock. The company lists risks including compounding and market volatility, inverse risk, counterparty risk, rebalancing risk and daily index correlation risk, and notes that the funds use derivatives such as futures contracts and swaps. It also says the funds are non-diversified and are designed only for knowledgeable investors who are willing to monitor their portfolios frequently.
Bull and bear cases ahead of the listing
The release frames the launch around Anthropic's anticipated IPO, describing the company as one of the most prominent in generative AI. It says investors may reach different conclusions about factors including growth, valuation, competition, capital requirements and the development of the broader generative AI market.
Leverage Shares points to two pieces from its research team: "Anthropic: Exploring the Bull Case Ahead of the IPO" and "The Anthropic Bear Case: Could the Stock Fall After the IPO?" The company says more details about ANUU, ANDD and ANSS are coming soon. The release gives no launch date, fees or exchange listing for the funds.
What it means for investors
The announcement shows that products built around Anthropic's stock are being prepared before the shares trade. For investors, the offering would add leveraged and short ways to take a view on the stock over a single day, not a long-term holding vehicle, as the firm's own risk language makes clear.
Themes ETFs describes itself as a provider of thematic and single-stock leveraged ETFs, with its Leverage Shares platform offering daily leveraged and inverse strategies for sophisticated investors and active traders. The company says the funds are not suitable for all investors. It also states that the Themes ETFs are not sponsored, endorsed, issued, sold or promoted by Anthropic, and that neither Themes nor the fund distributor ALPS Distributors, Inc. is affiliated with Anthropic.
