21Shares Launches Anthropic Synthetic ETP, Offering Pre-IPO Valuation Exposure

21Shares has launched a synthetic exchange-traded product (ETP) based on the valuation of Anthropic on the Vienna Stock Exchange, with the stock code CLAU, providing investors with exposure to Anthropic's pre-IPO valuation without leverage. This ETP does not represent direct ownership of Anthropic shares, either before the company goes public or after the IPO is completed. Its return exposure comes from a Total Return Swap, which tracks a reference rate constructed by Kaiko, based on the price of Anthropic perpetual futures on Binance. 21Shares stated that the product aims to allow investors to participate in the valuation changes of private AI companies through traditional financial market tools, providing a new investment channel for high-growth tech companies that are not yet publicly listed.

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