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ProShares has launched ProShares Ultra CRCL (NYSE: CRCA), the first ETF designed to deliver 2x daily returns of Circle Internet Group. This innovative ETF provides investors with leveraged exposure to Circle, a leading stablecoin company whose market cap has grown nearly fivefold since its June IPO.
Circle operates one of the world's largest stablecoin networks and has expanded its services to include tokenized funds, blockchain infrastructure tools, and a global payments network across 185+ countries. The launch follows the recent GENIUS Act signing, which established a regulatory framework for payment stablecoins.
CRCA joins ProShares' portfolio of over 150 ETFs, including the world's largest leveraged ETF, UltraPro QQQ (TQQQ), with $25 billion in assets.
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