The supplier of funds negotiated on the stock market (ETF) proshares has launched a new product which aims to double the daily performance of Circle’s shares (CRCL), offering traders a way to make betting on leverage on one of the companies most in view of Crypto Finance.
The Proshares Ultra CRCL ETF (CRCA) began to negotiate itself on Thursday, just a few weeks after Circle was made public to the New York Stock Exchange (NYSE). Since then, Circle shares have jumped by 134%, partly by the growing adoption of its USDC stablecoin and recent legislative support for digital payments.
Circle is best known as the transmitter of the Stablecoin USDC and also supports token assets, blockchain developer tools and a payment network that extends over 185 countries, said TK.
The ETF arrives at a time when American regulators are starting to formalize the rules around stabbed. In mid-July, the legislators adopted the Act on Engineering, which created a legal framework for the stables of payment and helped to clarify how companies like Circle can work in the American financial system, although federal banking regulators must always write the formal rules guiding the sector.
For merchants who expect Circle to benefit from this regulatory clarity and the wider adoption of digital dollars, the CRCA offers a means of amplifying their exposure – without borrowing money directly.
Lever ETFs like CRCA are designed for short -term exchanges rather than long -term investment. They rebalance daily, which means that performance can diverge expectations if they are maintained over longer periods.
The new fund joins the catalog of proshares of more than 150 ETFs, including the UltraPro qqq widely exchanged and the bitcoin bito. The company has relied on digital assets in recent years, offering funds related to major cryptocurrencies like Ether, Solana and XRP.
While the Introduction on the Stock Exchange of Circle first attracted traditional attention limited at the start, its performance in shares suggest that investors see it as a major player in the regulated future of cryptographic payments.
