
ProShares announced the launch of a leveraged ETF on Thursday, offering targeted exposure to the daily performance of Circle Internet Group (NYSE:CRCL). This marks a new step in the evolution of crypto-linked exchange-traded products.
The fund, trading on the NYSE under the ticker CRCA, is designed to deliver 2x the daily returns of Circle stock, offering investors a new way to express a bullish view on the stablecoin issuer.