REX Stock and tuttle capital management have applied for exchange-traded funds (ETFs) intended to offer double the daily return of SpaceX and anthropic once the companies start operating.
The proposed funds, called 2x leveraged ETFs, reflect a growing trend among asset managers to move aggressively and secure first-mover advantage in products tied to high-profile listings, Reuters reported on Thursday.
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SpaceX is expected to file for an initial public offering (IPO) in the near term, while Anthropic is also expected to go public in 2026.
Both companies have attracted intense investor interest, making them prime targets for retail-focused speculative investment products.
Industry participants say these filings underscore how competitive the ETF space has become, with companies trying to position themselves ahead of their rivals even before key details of the IPOs are confirmed, the report adds.
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The planned ETFs aim to amplify daily stock movements by 200%, a structure that can magnify both gains and losses.
Leveraged individual stock ETFs have gained traction among retail traders who follow volatile names like Tesla Inc. and Nvidia Corp..
However, analysts warn that such products carry high risk, especially when tied to companies that have not yet debuted on public markets.
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This article SpaceX and Anthropic IPO Frenzy Start Early as REX Stock and Tuttle Capital File for 2x Leveraged ETFs originally appeared on Benzinga.com