Circle’s IPO Sparks ETF filings focused on CRCL Shares

ProShares and Bitwise have filed for exchange-traded funds tied to Circle Internet Group shares, shortly after the company’s successful initial public offering (IPO). The ProShares Ultra CRCL seeks to double the daily performance of Circle stock with leverage. Meanwhile, the Bitwise CRCL Option Income Strategy ETF will generate income by selling call options on CRCL stock while seeking to limit potential losses. These filings are effective August 20th this year.