ProShares launches 2x leveraged ETF follow Circle stock (CRCL)

ProShares has just launched the Ultra CRCL ETF ( code CRCA), a 2x leveraged ETF that follows the daily fluctuations of the stock of Circle Internet Group, the company behind USDC — the second largest stablecoin in the world.

This ETF began trading on NYSE Arca on August 6 with a net asset value of 25 USD/share. Circle stock is currently trading around 154 USD, up nearly 400% from the initial IPO price of 31 USD, although it has dropped more than 25% in the past month.

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