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Benzinga
Benzinga
Business
Murtuza J Merchant

ProShares Introduces Leveraged ETF Targeting Circle's 2x Daily Stock Returns

ProShares Inc

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.

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