Ninepoint Files Prospectus for Leveraged Anthropic ETF with Covered Calls
Event summary
- Ninepoint Partners filed a preliminary prospectus for the Ninepoint Anthropic HighShares ETF (ANHI) on June 26, 2026.
- The ETF will hold up to 100% of its assets in Anthropic shares and write covered call options on up to 50% of those holdings.
- ANHI will employ cash borrowing of up to 33% of its unlevered net asset value and aims for monthly cash distributions.
- Ninepoint manages approximately $8.2 billion in assets under management.
The big picture
Ninepoint's move into a leveraged, income-focused ETF targeting Anthropic reflects growing investor demand for structured exposure to high-growth AI companies. The strategy combines aggressive leverage with covered calls, positioning the fund as a hybrid between growth and income products. With $8.2 billion in AUM, Ninepoint is expanding its alternative investment offerings into the AI sector, where regulatory scrutiny and market volatility remain key risks.
What we're watching
- Leverage Dynamics
- How the 33% borrowing strategy will impact ANHI's volatility and performance relative to unlevered Anthropic shares.
- Covered Call Strategy
- Whether the monthly covered call writing can sustain high cash distributions without capping upside potential.
- Regulatory Approval
- The pace at which Canadian regulators will finalize the prospectus and allow ANHI to begin trading.
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