* REX Shares and Tuttle Capital plan leveraged SpaceX,
Anthropic ETFs
* Leveraged ETFs attract individual investors tracking
volatile stocks
By Suzanne McGee
PROVIDENCE, Rhode Island, March 26 (Reuters) - REX
Shares and Tuttle Capital Management plan to launch 2x leveraged
exchange-traded funds tied to yet-to-be-issued publicly traded
common stock of SpaceX and Anthropic, according to regulatory
filings, as the two firms try to piggyback on what are expected
to be two of the most hotly anticipated IPOs in 2026.
SpaceX is likely to file for its IPO within days or weeks, while
Anthropic's IPO is also expected in 2026. But the ETF filings
are signals of how aggressive asset managers catering to retail
investors are trying to get a jump on the competition with
products tied to stocks that do not yet trade publicly, ETF
industry insiders said.
"They're so early that they are showing up to the
game before it's even been invented yet, trying to stake a claim
to territory that hasn't been mapped out yet," said Alex Morris,
founder of F/m Investments LLC, an asset manager and ETF issuer.
"It has become a part of the ETF ecosystem to try and do as much
as you can as rapidly as you can to beat your rivals."
The T-Rex 2x Long SpaceX Daily Target ETF and the T-Rex 2x
Long Anthropic Daily Target ETF aim to give holders 200% of the
daily performance of those two companies, once they make their
public-market debut.
REX Shares and Tuttle did not immediately return calls
seeking comment on the filings.
Although the timing, size and many other details of the SpaceX
IPO have yet to be publicly revealed, the company is in the
midst of preparing its offering, which could be one of Wall
Street's largest-ever initial public offerings, with as much as
30% of the new shares earmarked for retail investors. Owners of
the growing number of leveraged single-stock ETFs tend to be
individual investors who eagerly track high-profile, volatile
stocks such as Tesla and Nvidia.