Ticker:
ANDD
2x Short Anthropic Daily ETF
Please see preliminary prospectus for more information.
Subject to completion. Short-term investment. Inverse leveraged funds carry significant risk. The information in this Prospectus is not complete and may be changed. The Trust may not sell these securities until the registration statement filed with the U.S. Securities and Exchange Commission is effective. This Prospectus is not an offer to sell these securities and is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.
2x Short Anthropic Daily ETF
Frequently Asked Questions
What to know about the 2x Short Anthropic Daily ETF ahead of launch.
The 2x Short Anthropic Daily ETF (ANDD) seeks daily investment results, before fees and expenses, of 200% of the inverse (-2x) of the daily performance of Anthropic. If Anthropic falls 1% in a single day, the Fund is intended to gain approximately 2% that day, before fees and expenses. If Anthropic rises 1% in a single day, the Fund is intended to lose approximately 2%. There is no guarantee the Fund will meet its stated investment objective.
No. Anthropic is currently a private company and its shares do not trade on a public exchange. The Fund cannot begin trading until shares of Anthropic are publicly listed on a US securities exchange. Details that Anthropic has not officially announced, including any listing date, listing exchange, or stock ticker, are not shown on this page and will be added once they are confirmed.
A launch date has not been announced. The Fund cannot begin trading until shares of Anthropic are publicly listed on a US securities exchange and the Fund's registration statement has become effective. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. Sign up for email updates on this page to be notified when the Fund begins trading.
Both Funds seek daily inverse exposure to Anthropic, but at different magnitudes. ANDD seeks 200% of the inverse (-2x) of Anthropic's daily performance, before fees and expenses, so a 1% single-day decline in Anthropic is intended to produce approximately a 2% gain in the Fund that day, and a 1% single-day rise is intended to produce approximately a 2% loss. The 1x Short Anthropic Daily ETF (ANSS) seeks 100% of the inverse (-1x), so the same 1% single-day decline is intended to produce approximately a 1% gain, and a 1% rise approximately a 1% loss. ANDD carries greater daily magnification of both gains and losses than ANSS.
No. The Fund seeks a daily investment objective and should not be expected to track Anthropic for periods longer than a single day. Holding ANDD for longer than one day can produce returns that differ significantly from -2x the return of Anthropic over the same period. These differences result from the effects of daily compounding and can be significant, particularly in volatile markets. Investors should actively monitor their investments.
Investing in the Fund involves a high degree of risk, and the Fund is not suitable for all investors. ANDD should be used only by knowledgeable investors who understand the consequences of seeking daily inverse leveraged (-2x) investment results in a single stock, including the impact of daily compounding on Fund performance and the concentration risk of exposure to a single company.
