Leverage Shares Files for 2X Long and Short Harvey AI ETFs Ahead of IPO

Leverage Shares has filed with the SEC to launch two leveraged ETFs offering bullish and bearish exposure to Harvey AI, the artificial intelligence company specializing in software for legal and professional services. The proposed Leverage Shares 2X Long Harvey AI Daily ETF will seek twice the daily performance of Harvey AI shares, while the Leverage Shares 2X Short Harvey AI Daily ETF will target twice the inverse daily return. Both funds will use derivatives, including swaps, to achieve their objectives and are designed for short-term trading rather than long-term holding. The filings anticipate a potential Harvey AI IPO, although the prospectus leaves the company's exchange and ticker unspecified. The proposals highlight issuers' growing efforts to position leveraged ETF products around high-profile private AI companies ahead of their potential public listings.