ProShares Launches 2x Leveraged ETF Tracking Circle Stock CRCA

BlockBeats News, August 7 — According to The Block, fund issuer ProShares has launched the Ultra CRCL ETF (ticker: CRCA), a 2x leveraged ETF that provides investment exposure to shares of Circle Internet Group. Circle is the issuer of USDC, the world’s second-largest stablecoin.

This single-stock leveraged fund began trading on NYSE Arca on August 6, with a net asset value of $25 per share and a gross expense ratio of 1.08%.