ProShares and Bitwise File for CRCL-Tracking ETFs After Massive Circle IPO

ProShares and Bitwise File for CRCL-Tracking ETFs After Massive Circle IPO

Stablecoin issuer Circle’s hugely successful IPO saw its shares surge from their $31 offering price to as high as $138.57, a near quadrupling in the stock’s value. ETF issuers ProShares and Bitwise spotted the opportunity to file for new ETFs tied to Circle’s stock, capitalizing on strong investor interest in packaged exposure to the firm’s rapid growth and stablecoin-based business model. Leveraged ETF specialists ProShares’ proposed fund — the…

ProShares, Bitwise seek SEC approval for ETFs tracking Circle stock – #CryptoUpdatesGNIT

Key Takeaways ProShares and Bitwise have filed for ETFs tracking Circle stock shortly after Circle went public. Circle stock surged nearly 200% shortly after its IPO and has a market cap of approximately $25 billion. Share this article ProShares and Bitwise are seeking the SEC nod to launch exchange-traded funds tied to shares of Circle Internet Group, which began trading on the New York Stock Exchange (NYSE) last week. ProShares’ proposed fund…

Circle Attracts Issuers Filing ETFs After Successful IPO

At least three ETF issuers filed ETFs related to Circle Internet Group in the days after the stablecoin issuer’s IPO.

Issuers File ETFs Related to Circle After Company’s Successful IPO

At least three exchange-traded fund (ETF) issuers filed ETFs related to Circle Internet Group (CRCL) in the days after the stablecoin issuer’s Thursday (June 5) initial public offering (IPO). [contact-form-7] These filings reached the Securities and Exchange Commission (SEC) on Friday (June…

Circle’s Stellar IPO Fuels ProShares and Bitwise ETF Filings Tied to CRCL Shares

ProShares, Bitwise Act Quickly After IPO Just weeks after Circle Internet Group’s massive IPO, asset managers ProShares and Bitwise filed for ETFs that track Circle’s newly issued CRCL shares. The move indicates ever-more mature institutional demand for access to regulated crypto-adjacent equities. The ProShares Ultra CRCL ETF utilizes leverage to deliver the daily performance of CRCL stock twice over, targeting more aggressive investors. The Bi…

Circle’s stellar IPO fuels ProShares and Bitwise ETF filings tied to CRCL shares

ProShares and Bitwise have filed for exchange-traded funds tied to shares of Circle Internet Group, just days after the company’s high-profile IPO. The ProShares Ultra CRCL aims to deliver twice the daily performance of Circle’s stock using leverage. Meanwhile, the…