ProShares Debuts 'Ultra CRCL' ETF, Letting Traders Double Down on Circle Stock

Description

Exchange-traded fund (ETF) provider ProShares has launched a new product that aims to double the daily performance of Circle’s (CRCL) stock, giving traders a way to make leveraged bets on one of the most prominent companies in crypto finance. The ProShares Ultra CRCL ETF (CRCA) began trading Thursday, just weeks after Circle went public on the New York Stock Exchange (NYSE). Since then, Circle shares have jumped 134%, driven in part by growing adoption of its USDC stablecoin and recent legislati...