21shares Launches First Anthropic ETP in Europe Ahead of Its IPO Editorial Staff Tue, October 13, 2026 at 1:03 PM EDT 2 min read ANTH.PVT BTC +0.51% ETH -0.50% DOT NVDA +0.39% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
21shares has launched an exchange-traded product (ETP) giving investors in Europe exposure to Anthropic's implied valuation ahead of its initial public offering (IPO).
The 21shares Anthropic Synthetic ETP, trading under the ticker $CLAU, began trading on October 13 on the Vienna MTF, operated by Wiener Börse, the company announced on Tuesday. The company describes it as Europe's first ETP offering continuous, unleveraged exposure to Anthropic's implied valuation before an IPO.
The product carries a total expense ratio of 1% and an exit fee of 2%, according to the announcement.
Cardano Founder Hoskinson Says Midnight Will Surpass Zcash, Urges Gemini to List ADA
Stacks Founder Warns Bitcoin Security Breach Could Hit Entire Crypto Market
Coinbase Targets Banks As Institutional Crypto Adoption Grows
60 Percent of Community Banks See Stablecoins as a Threat to Deposits, Lending
Rather than giving investors direct ownership of Anthropic shares, the ETP tracks the company's implied valuation through total return swaps linked to the Kaiko Anthropic USD Reference Rate. The benchmark's daily reference price is derived from Anthropic perpetual futures traded on Binance.
"We are taking the structural tools developed in digital assets and applying them to alternative and multi-asset investing," Duncan Moir, president and chief investment officer at 21shares, said in a comment shared with Cryptoprowl.
"Wrapping pre-IPO exposure into an ETP bridges this access gap, allowing allocators to trade private market valuations as seamlessly as any traditional stock or ETF," Moir added.
The launch expands 21shares' product range beyond traditional crypto exposure into synthetic products linked to private-company valuations.
21shares has also been expanding its crypto ETF lineup beyond Bitcoin (CRYPTO: $BTC) and Ether (CRYPTO: $ETH) to include other digital assets. In March, the firm launched its Polkadot (CRYPTO: $DOT) ETF on Nasdaq.
Meanwhile, Anthropic has agreed to spend $35 billion on computing capacity from Nvidia-backed (NASDAQ: $NVDA) AI cloud provider Lambda, with part of that capacity coming from Hut 8's (NASDAQ: $HUT) Beacon Point data center campus in Texas.
