REX Shares and Tuttle Capital Management have filed for exchange-traded funds (ETFs) aimed to deliver twice the daily performance of SpaceX and Anthropic once the companies begin trading. ETF Firms Move Early To Capture IPO Buzz The proposed funds — branded as 2x leveraged ETFs — reflect a growing trend among asset managers to move aggressively and secure early-mover advantage in products tied to high-profile listings, Reuters reported on Thursday. Don't Miss: Betting On Two Of 2026's Most Anticipated IPO ...

Core Insights - There is a growing interest among fund managers in launching risky 3x leveraged ETFs, betting that regulatory attitudes may shift to allow these products despite previous restrictions [2][3] - The SEC had previously established a framework limiting new 3x leveraged ETFs, creating uncertainty around the approval of current filings [3] Group 1: Market Trends - A surge of filings for 3x leveraged ETFs has been observed from various issuers, including Defiance ETFs, Themes ETFs, Direxion, and ProShares, indicating a strong appetite for high-risk investment products [2] - REX Shares has filed for 59 new 3x single-stock leveraged funds, while Tidal Financial Group has filed for 12 "LevMax" ETFs, showcasing the trend towards more specialized and risky investment vehicles [4] Group 2: Expert Opinions - Experts caution that while 3x leveraged ETFs can be beneficial for day traders, they are generally not suitable for wealth management, highlighting the risks associated with these products [3] - The increase in 3x filings is attributed to broker-dealers aiming to provide comprehensive services to investors and the rise of a gambling culture in investing [3]