ProShares Launches Leveraged ETF for Circle Stock Amid Crypto Finance Boom

ProShares has introduced the Ultra CRCL ETF (CRCA), a Leveraged product designed to double the daily performance of Circle's stock. The launch follows Circle's recent NYSE debut, where its shares surged 134% amid growing adoption of its USDC stablecoin and favorable regulatory developments.

The ETF arrives as U.S. regulators begin formalizing stablecoin rules, including the GENIUS Act passed in mid-July. This legislation provides a legal framework for payment stablecoins, potentially benefiting Circle's operations in the U.S. financial system.

CRCA offers traders amplified exposure to Circle without direct borrowing, though leveraged ETFs are typically suited for short-term strategies due to daily rebalancing. Circle's ecosystem spans USDC, tokenized assets, and blockchain tools across 185 countries.