ProShares has introduced the Ultra CRCL ETF, a new leveraged exchange-traded fund aimed at doubling the daily returns of Circle’s stock, which recently surged 134% after its NYSE debut.
The ETF gives traders a way to amplify their exposure to Circle — the issuer of USDC, one of the most widely used stablecoins — without using margin or borrowing directly.
Circle also supports tokenized assets, developer tools, and a global payments network.
The ETF’s launch coincides with growing regulatory clarity. Lawmakers recently passed the GENIUS Act, establishing a legal structure for payment stablecoins, helping formalize operations for firms like Circle. However, final rules from federal banking regulators are still pending.
ProShares’ product appeals to those bullish on stablecoins and expecting Circle to benefit from this favorable environment.
CRCA offers traders a simple way to take bigger bets on Circle’s continued rise, especially amid growing adoption of stablecoins in everyday payments and international finance.
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