The supplier of Funded Fund de Exchange (ETF) Proshares has launched a new product that aims to double the daily performance of the actions of Circle (CRCL), giving merchants a way of making bets leveraged in one of the most prominent companies in cryptographic finances.
The ETF (CRCA) of Proshares Ultra Crcl began to quote Thursday, only weeks after Circle became public in the New York Stock Exchange (NYSE). Since then, Circle’s shares have increased 134%, promoted in part by the growing adoption of its USDC stablecoin and the recent legislative support for digital payments.
Circle is better known as the USDC Stablecoin issuer and also supports tokenized assets, blockchain developer tools and a payment network that covers more than 185 countries, TK said.
The ETF arrives at a time when US regulators are beginning to formalize the rules around the stable. In mid -July, legislators approved the Genius Law, which created a legal framework for payment stable and helped clarify how companies such as Circle can operate in the United States financial system, although federal bank regulators still need to write the formal rules that guide the sector.
For merchants who expect Circle to benefit from this regulatory clarity and the broader adoption of digital dollars, CRCA offers a way to amplify their exhibition, without borrowing money directly.
The ETF leveraged as CRCA are designed for short -term trade instead of long -term investment. They rebalance daily, which means that performance can diverge from expectations if it is maintained for longer periods.
The new background binds to the catalog of more than 150 ETF, including the widely marketed QQQ ultrapro and the Bito linked to Bitcoin. The firm has been inclined in digital assets in recent years, offering funds linked to the main cryptocurrencies such as Ether, Solana and XRP.
While the IPO of Circle attracted the main attention limited to the beginning, its performance performance since then suggests that investors see it as an important player in the regulated future of cryptographic payments.
