A counterintuitive question: Wall Street’s latest ETF doesn’t hold a single share of Anthropic.
21Shares has just launched Europe’s first pre-IPO synthetic ETP for Anthropic, giving people who want to bet on an Anthropic IPO a way to buy in as easily as they would buy a stock. But the fund doesn’t actually hold shares—the pricing benchmark is a Kaiko index that tracks Anthropic perpetual contracts on Binance.
Put simply, when traditional finance wants exposure to a company that hasn’t gone public yet, it still ends up relying on crypto perpetual contracts.
So, is traditional finance embracing crypto—or has crypto already become the back-end server of traditional finance?
#Anthropic #ETF
21Shares has just launched Europe’s first pre-IPO synthetic ETP for Anthropic, giving people who want to bet on an Anthropic IPO a way to buy in as easily as they would buy a stock. But the fund doesn’t actually hold shares—the pricing benchmark is a Kaiko index that tracks Anthropic perpetual contracts on Binance.
Put simply, when traditional finance wants exposure to a company that hasn’t gone public yet, it still ends up relying on crypto perpetual contracts.
So, is traditional finance embracing crypto—or has crypto already become the back-end server of traditional finance?
#Anthropic #ETF