Get in early! A U.S. asset management firm has applied to launch ETFs that double long SpaceX and Anthropic.

Ask AI · What advantages does the strategy of U.S. asset management companies have in rolling out leveraged ETFs first?

Jiemian News (Cailian Press) March 27 (Editor Zhou Ziyi) According to regulatory filings, U.S. asset management firms REX Shares and Tuttle Capital Management plan to launch 2x leveraged exchange-traded funds (ETFs) linked to publicly traded common stocks that SpaceX and Anthropic have not yet issued. They are aiming to catch the momentum of the two most popular initial public offerings (IPOs) in the U.S. stock market this year as early as possible.

It is reported that investors holding the two funds—T-Rex 2x Long SpaceX Daily Target ETF and T-Rex 2x Long Anthropic Daily Target ETF—will receive returns of 200% of the daily upside once the two companies list.

SpaceX and Anthropic are expected to become the two most anticipated IPO deals in 2026. Specifically, SpaceX may file for an IPO within days or weeks, while Anthropic’s IPO is expected to take place this year.

Regarding the latest move by REX Share and Tuttle Capital Management to seize the initiative, insiders in the ETF industry said that asset managers that target retail investors are currently trying to launch products linked to stocks that have not yet begun trading in order to get ahead in competition.

Alex Morris, founder of asset manager and ETF issuer F/m Investments LLC, noted that “They are getting involved so early—showing up even before the game has begun—trying to stake out unclaimed territory. In the ETF ecosystem, doing as much as possible and launching as many products as possible as quickly as possible to beat competitors has become a norm.”

Although SpaceX’s IPO timing, size, and many other details have not yet been disclosed, the company announced long ago that it was preparing for its listing. This could make it one of the largest IPOs in Wall Street history.

In its most recent update, SpaceX is very likely to break with convention by reserving up to 30% of the shares for retail investors. In U.S. IPO market practice, however, listed companies typically allocate only 5% to 10% of shares to retail investors that are not subject to lock-up restrictions.

As for the artificial intelligence company Anthropic, which is considering an IPO as early as October, it has already held initial discussions with multiple Wall Street banks regarding potential plans for going public. Earlier media reports said Anthropic may raise more than $60 billion through an IPO.

Jiemian News (Cailian Press) Zhou Ziyi