Leverage Shares Plans Leveraged and Short Products Tied to Anthropic IPO

A model developer in a market built on infrastructure

In a press release dated Oct. 30, 2026, Leverage Shares by Themes looked at what investors should consider before an Anthropic listing. The company describes Anthropic as one of the most prominent developers of generative artificial intelligence models.

According to the release, public-market AI investment has so far largely centered on semiconductors, data centers, networking, cloud infrastructure and power. Anthropic, it says, represents a different part of the ecosystem: the development of the AI models themselves. A listing would let public-market investors evaluate the company alongside other publicly traded businesses involved in the development and adoption of AI.

The release lists several factors investors may weigh: Anthropic's competitive position, revenue growth, capital requirements, valuation and the broader development of the generative AI market. The Leverage Shares research team discusses the company and its anticipated listing in an analysis titled "The Anthropic IPO: What You Need to Know Before Trading It," which is published on the firm's website.

What could follow the listing

Leverage Shares argues that a public listing could also create the basis for new exchange-traded products tied to Anthropic's common stock. The firm points to leveraged and inverse single-stock ETFs, which are designed to seek a stated multiple or inverse multiple of the daily performance of an individual publicly traded stock.

The release says these products are intended for knowledgeable investors who understand the risks of leveraged and inverse exposure and who actively monitor their portfolios. It adds that the ETF industry is also paying attention as Anthropic moves toward the public markets, and that what follows "could extend beyond the stock itself." No launch date, fund names or fee details are given.

Risks the firm highlights

Much of the release is made up of risk disclosures. Themes ETFs states that investment involves significant risk and that investors could lose all or part of their money. Because the funds rebalance daily and compound each day's return, results over periods longer than one day will very likely differ from the stated multiple or inverse multiple of the underlying stock's return.

• An investor could lose the full principal value of a leveraged fund within a single day if the underlying stock moves sufficiently against the fund's objective.
• The funds do not invest directly in the underlying stock and are non-diversified.
• Listed risks include compounding, market volatility, inverse, counterparty, rebalancing and intraday investment risk.

The release also stresses that Themes ETFs are not sponsored, endorsed, issued, sold or promoted by Anthropic, and that neither Themes Management Company LLC, ALPS Distributors, Inc. nor Themes ETFs is affiliated with Anthropic.

What it means for investors

The announcement is a signal of product plans rather than a launch. Based on the release, the firm expects interest in Anthropic shares to be strong enough to support derivative-style ETFs, but nothing is confirmed about timing or structure. The release describes Anthropic's IPO as anticipated, and it does not give a listing date. Investors considering such products would need to read the prospectus once available, since the firm itself says the funds are not suitable for all investors.