Markets· ★★★· neutral·

New ETFs Track Pre-IPO Valuations of OpenAI and Anthropic via Crypto Perpetuals

  • —Corgi MANGOS ETF (MN) trades on Cboe BZX since early October
  • —21Shares Anthropic Synthetic ETP (CLAU) listed on Vienna MTF without leverage
  • —Tuttle Capital filed October 26 for six 2x ETFs on SpaceX, OpenAI and Anthropic
  • —Pricing references Binance perpetuals and a Kaiko index, not private share deals
Why it matters: Crypto derivatives are now embedded in mainstream ETFs for pre-IPO exposure, but the synthetic structure carries funding costs and divergence risks from actual private valuations.
Source: DailyCoin
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