Europe’s pre-IPO Anthropic ETP lets investors trade its implied valuation

Investors can now trade exposure to Anthropic’s implied valuation before its IPO through a European exchange-traded product. Launched on October 13, 2026, 21shares’ pre-IPO Anthropic ETP, the 21shares Anthropic Synthetic ETP, uses derivatives to provide continuous, unleveraged exposure to the private AI company’s valuation. CLAU is Europe’s first ETP offering pre-IPO exposure.