Bitwise and ProShares file for Circle stock ETFs, launching ProShares Ultra CRCL and Bitwise CRCL Option Income Strategy after Circle’s IPO success.
The recent IPO launch has resulted in a substantial increase in the stock price of Circle Interest Group (CRCL). The ProShares and Bitwise ETFs filing, which is linked to the Circle share price, is another significant milestone for the company, as it is initiating a new generation of single-stock exchange-traded funds.
Circle stock CRCL, which was launched on Thursday, is also investigating the exchange-traded funds sector, as indicated by a recent X post shared by Bloomberg analyst Eric Balchunas. According to reports, the stock is preparing to introduce two new single exchange-traded funds: the ProShares Ultra CRCL ETF, which will have a 2x leverage, and the CRCL income ETF from Biwise, which is designed to implement a covered call strategy.
Intriguingly, both would be implemented on August 20, 2025, following the SEC’s approval of the filings. The ProShares ETF is intended to generate twice the daily return of Circle’s share price, which is presently valued at $126.24 following a 17% increase in response to investors’ enthusiasm.
It is important to note that the leverage must be maintained daily, and the protracted holding period may yield varying outcomes. In addition, this is more appealing to long-term investors who desire direct access to CRCL stock.
Intriguingly, the Circle IPO has sparked considerable interest, leading Ark Investment to acquire a stake in the company valued at $373M or more. These filings are a significant milestone in the history of ETFs, as they are the first to link the pricing to the crypto-fintech exosystem explicitly.
Circle Stock Consolidates, Surges, and Resurges
The share price has been fluctuating since the Circle IPO debut. Volatility remained elevated amid an initial investment surge as investors sought to participate. Nevertheless, the Circle share price is once again on the rise following the release of the ETF filing news. It suggests that it is in high demand during critical periods and ongoing developments.
Nevertheless, the surge may be temporary before contributing to subpar performance, as the SEC’s approval is still pending. The forthcoming US CPI, PPI, and other macroeconomic data events also continue to hover. They have the potential to influence the financial stock market, which includes the price of this stock, over time.
