Circle ETFs Approached: ProShares and Bitwise Seek SEC Approval for CRCL Tracking Funds

Two major asset managers, ProShares and Bitwise, have submitted applications to the U.S. Securities and Exchange Commission (SEC) for the creation of exchange-traded funds (ETFs) focused on Circle’s (CRCL) stock. These proposed ETFs, the ProShares Ultra CRCL ETF and the Bitwise CRCL Option Income Strategy ETF, seek to provide investors access to the growth potential of stablecoin-related companies.