ProShares Launches CRCA, a 2x Leveraged ETF Tracking Circle Stock Price

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On August 7, according to The Block, ProShares, a fund issuer, launched the Ultra CRCL ETF (ticker CRCA), a 2x leveraged ETF that provides exposure to Circle Internet Group stock. Circle is the issuer of USDC, the world's second-largest stablecoin.

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

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