Circle IPO Fuels ETF Surge as CRCL Stock Soars 300%

The highly anticipated Circle IPO has sparked a surge in demand for crypto-related exchange-traded funds (ETFs). Within days of the company launching its $1.1 billion IPO, stock prices for CRCL surged over 300% in just three trading sessions, marking one of the strongest debuts since Coinbase’s direct listing in 2021. The rapid market response has led to at least three new leveraged ETFs being filed with the U.S. Securities and Exchange Commission (SEC). Analysts attribute this trend to a convergence of factors including growing DeFi applications and increasing institutional investment.