Circle IPO Ignites Crypto ETF Frenzy as CRCL Shares Triple in Debut

Circle Internet Financial''s $1.1 billion public offering has sent shockwaves through traditional and crypto markets alike. The USDC stablecoin issuer saw its stock surge over 300% within three trading sessions, marking the most explosive crypto equity debut since Coinbase''s 2021 listing.

Wall Street responded with lightning speed. Three Leveraged ETF filings hit SEC desks within days, targeting CRCL''s volatility: Bitwise''s options income strategy, ProShares'' 2x leveraged product, and T-Rex''s daily target fund. "This checks every box for current market appetite," notes Bloomberg Intelligence''s Athanasios Psarofagis. "Crypto exposure, leverage structures, and IPO hunger—it''s the trifecta."

The MOVE signals growing institutional recognition of crypto-native businesses as legitimate asset classes. ETF issuers are increasingly bridging the gap between traditional finance and digital assets, with single-stock products meeting retail demand for concentrated exposure.