by: xpoolPosted on:

ETF Firms Capitalize on Circle’s IPO Surge

Wall Street ETF issuers wasted no time capitalizing on the momentum surrounding Circle Internet Group Inc.’s successful IPO last Thursday. Within hours, firms like Bitwise Asset Management, ProShares Advisors, and REX Financial filed requests to register new ETFs directly linked to Circle’s stock. The rapid response was triggered by Circle’s extraordinary 270% rise in its third trading day, marking the biggest crypto equity debut since Coinbase went public in 2021. This surge cracked open the market for new ETF products centered on Circle.

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