21Shares launches Anthropic Synthetic ETP on Vienna MTF

21Shares launched the Anthropic Synthetic ETP (CLAU) on Vienna MTF, offering synthetic exposure to Anthropic’s pre-IPO valuation via swaps, with a 1% fee and no direct share ownership.

21Shares has introduced the Anthropic Synthetic ETP (ticker: CLAU) on the Vienna MTF, enabling investors to gain synthetic exposure to the implied pre-IPO valuation of Anthropic, a private AI company. This exposure is achieved through total return swaps and notes issued by FalconX, referencing the Kaiko Anthropic USD Reference Rate, which is based on Anthropic perpetual futures traded on Binance. The ETP does not provide direct ownership or voting rights in Anthropic. Instead, it offers a market-based measure of the company's value ahead of a potential IPO. The annual management fee is 1%, with additional financing and funding costs applying. This launch marks the first ETP in Europe to offer continuous, unleveraged exposure to a private company’s valuation via synthetic means. It may set a precedent for similar products in other regions, reflecting the growing integration of crypto derivatives and traditional finance.