Tradr ETFs launched two leveraged exchange-traded funds targeting Cerebras Systems Inc. (NASDAQ: CBRS) stock, with trading expected to begin on the Cboe exchange.

The two new funds include the Tradr 2X Long CBRS Daily ETF (Cboe: CBRX), which seeks to deliver twice the daily performance of Cerebras stock, and the Tradr 2X Short CBRS Daily ETF (Cboe: CBRZ), which aims to deliver twice the inverse daily performance.

According to the company's statement, the short ETF represents the first inverse fund available for Cerebras, allowing traders to take a bearish position on what the company describes as 2026's largest initial public offering to date.

"Cerebras going public has added to the already high level of super-cycle excitement around semis as the space continues to be integral in the buildout of the AI economy," said Matt Markiewicz, Head of Product and Capital Markets at Tradr ETFs.

Tradr operates 65 leveraged ETFs with more than $7 billion in assets under management. The funds are designed for sophisticated investors and professional traders seeking to express market views without using margin or options trading.

The company noted that leveraged ETFs carry significant risks, including the potential for total loss of investment if the underlying security moves more than 50% against the fund's position in a single trading day. The funds reset daily and are intended for short-term trading rather than long-term investment.

Information about the launch was provided in a company press release.