What are the Direxion Daily Anthropic 2X ETFs?

The Direxion Daily Anthropic Bull 2X ETF (CLAU) seeks daily investment results, before fees and expenses, of 200% of the daily performance of Anthropic. The Direxion Daily Anthropic Bear 2X ETF (CLAD) seeks daily investment results, before fees and expenses, of 200% of the inverse of the daily performance of Anthropic. There is no guarantee the Funds will meet their stated investment objectives.

When will the funds begin trading?

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective, and a launch date has not been announced. Sign up for email updates on this page to be notified when the funds begin trading.

Are the funds designed to be held long term?

No. The fund seeks daily investment objectives and should not be expected to track the underlying security for periods longer than a single day. Holding the Funds for longer than one day can produce returns that differ significantly from 2X (or -2X) the return of the underlying security over the same period, due to the effects of compounding. Investors should actively monitor their investments.

Who should consider the funds?

Investing in the Funds involves a high degree of risk. The Funds are not suitable for all investors and should be used only by knowledgeable investors who understand the consequences of seeking daily leveraged (2X) or daily inverse leveraged (-2X) investment results, including the impact of compounding on Fund performance.

DIREXION DAILY ANTHROPIC LEVERAGED & INVERSE ETFs

CLAU & CLAD
Direxion 2X Daily Bull & Bear exposure to Anthropic

Please see preliminary prospectus for more information.

CLAU will seek daily investment results, before fees and expenses, of 200% of the daily performance of the common stock of Anthropic, and CLAD will seek daily investment results, before fees and expenses, of 200% of the inverse (-200%) of that performance. Both are expected to begin trading shortly after Anthropic completes its initial public offering, and its shares begin trading, subject to SEC effectiveness.

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Important Information
The information in this Prospectus is not complete and may be changed. We may not sell these securities until the registration statement filed with the Securities and Exchange Commission is effective. The Prospectus below 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 permitted.

The Funds

Direxion Daily Anthropic Bull 2X ETF	Direxion Daily Anthropic Bear 2X ETF
Ticker	CLAU	CLAD
Objective	+200% of the daily performance of the common stock of Anthropic, before expenses & fees	-200% of the daily performance of the common stock of Anthropic, before expenses & fees
Underlying	Anthropic	Anthropic
Daily Target	2X (200%)	2X (-200%)
Reset Frequency	Daily	Daily
Expense Ratio (gross/target)	0.95% / 0.99%	0.95% / 0.99%
Date Available	Coming soon	Coming soon

Investing in the fund involves a high degree of risk. Shares of Anthropic will soon commence in an initial public offering and may experience heightened volatility. Unlike traditional ETFs, or even other leveraged and/or inverse ETFs, these leveraged and/or inverse single-stock ETFs track the price of a single stock rather than an index, eliminating the benefits of diversification. Leveraged and inverse ETFs pursue daily leveraged investment objectives, which means they are riskier than alternatives which do not use leverage. They seek daily goals and should not be expected to track the underlying stock’s performance over periods longer than one day. They are not suitable for all investors and should be utilized only by investors who understand leverage risk and who actively manage their investments. The Funds will lose money if the underlying stock’s performance is flat, and it is possible that the Bull Fund will lose money even if the underlying stock’s performance increases, and the Bear Fund will lose money even if the underlying stock’s performance decreases, over a period longer than a single day. Investing in the Funds is not equivalent to investing directly in shares of Anthropic.

Anthropic is an artificial intelligence safety and research company founded in 2021 by Dario Amodei, Daniela Amodei, and colleagues from OpenAI. It develops the Claude family of large language models and derived products such as Claude Code, with enterprise adoption concentrated in coding and agentic workflows.

Headquartered in San Francisco, California, the company operates as a public benefit corporation, emphasizing ethical AI development and safety-focused research. Its mission is to create AI systems that are reliable, interpretable, and steerable, while exploring the societal and policy impacts of AI.

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MARKET PERSPECTIVES

Hype or hope? Read on.

Direxion Readies Launch of CLAU & CLAD, 2X Daily Bull & Bear Exposure to Anthropic

Read press release

INVESTOR DOCUMENTS

Know the risks. Read the prospectus.

As we await the launch of the Anthropic IPO, now is the time to familiarize yourself with the full fund details.

Download prospectus

FAQs

Frequently asked questions about Direxion Daily Leveraged & Inverse Anthropic funds

What to know about the Direxion Daily Anthropic Bull 2X ETF (CLAU) and Direxion Daily Anthropic Bear 2X ETF (CLAD) ahead of launch.

No, this is not recommended. Leveraged ETFs seek daily investment results and should therefore be considered primarily for short-term trading purposes. It may, however, be appropriate to hold the funds for periods longer than a single day depending on the performance path of the fund's underlying benchmark index and the investor's risk tolerance. Investors who choose to hold leveraged ETFs for periods longer than a single day should recognize that their holding period is not in line with the fund's investment objective and such investors should regularly monitor and adjust their position to maintain a level of exposure consistent with their investment objective.

To obtain the necessary exposure, Direxion Daily Leveraged and Inverse ETFs will invest all or a portion of their net assets in derivatives—typically swaps or futures. These derivatives are agreements that provide the ability to gain exposure to respective indexes and sectors without the need for full dollar-for-dollar investment. The Bull Funds will generate between 10% and 100% of their requisite exposure level from equities and the remainder from derivatives. The Bear Funds generate their entire -100%, -200% or -300% exposure through derivatives. Direxion rebalances exposure daily by buying or selling swaps to ensure that each fund tracks as closely as possible to 300% or 200% for a Bull Fund, or 300%, 200% or 100% of the inverse for a Bear Fund, of the benchmark index’s daily performance.

Click here for a full list of our Leveraged & Inverse ETFs.

CLAU & CLADDirexion 2X Daily Bull & Bear exposure to Anthropic

The Funds

Anthropic

Be the first to know when new leveraged & inverse ETFs launch

Hype or hope? Read on.

Anthropic: The Biggest IPO Ever Could Also Be a Supply Shock.

Anthropic IPO ETF: How Traders Can Prepare Before It Lists.

From Claude to the Stock Market: Anthropic’s IPO Filing, Explained.