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T-Rex files for leveraged SpaceX, Anthropic ETFs ahead of anticipated IPOs
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T-Rex files for leveraged SpaceX, Anthropic ETFs ahead of anticipated IPOs
Mar 26, 2026 3:43 PM

* 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.

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