Exchange-Traded Fund (ETF) Prosder Proshares has launched a new product aimed at doubling the daily benefit of Circle’s (CRCL) stock, giving dealers a way to make geared efforts in one of the most prominent companies in Crypto Finance.
Proshares Ultra CRCL ETF (CRCA) started shopping on Thursday, only weeks after Circle became public on the New York Stock Exchange (NYSE). Since then, circular rates have jumped 134%, partly driven by growing the adoption of its USDC stablecoin and recent regulatory support for digital payments.
Circle is best known as the issuer of stableecoin USDC and also supports tokenized assets, blockchain developing tools and a payment network spanning more than 185 countries, TK said.
ETF arrives at a time when US regulators are starting to formalize rules around stableecoins. In mid -July, legislators adopted Genius Act, which created a legal framework for Payment StableCoins and helped clarify how companies like Circle can work in the US financial system, although federal bank regulators still need to prepare the formal rules that control the sector.
For dealers who expect Circle to benefit from this regulatory clarity and the wider adoption of digital dollars, CRCA offers a way to strengthen their exposure – without borrowing money directly.
Leveraged ETFs like CRCA are designed for short -term trade rather than long -term investments. They rebalance daily, which means that performance may differ from expectations if kept over for extended periods.
The new fund joins Proshares’ catalog of over 150 ETFs, including the widely traded Ultrapro QQQ and the Bitcoin-bound Bito. The company has leaned into digital assets in recent years and offers funds tied to larger cryptocurrencies such as Ether, Solana and XRP.
While Circle’s IPO drew limited mainstream attention first, its stock benefit since then suggests investors see it as an important player in the regulated future of crypto payments.
