ETFs use ‘perps’ to offer bets on private companies such as Anthropic and OpenAI

Investors are now able to gain exposure to private companies like Anthropic and OpenAI through newly authorized derivatives known as 'perps', which are essentially perpetual contracts. This development allows traders to bet on the performance of these high-profile, privately held firms, even though traditional stock markets don't offer direct access to them. The move is significant as it opens up new opportunities for speculative trading and could potentially increase the valuation transparency of these otherwise inaccessible companies. For those keen on taking risks on cutting-edge firms, these ETFs provide a novel way to engage with the booming tech sector.