Two major ETF issuers, Bitwise and ProShares, have submitted applications to the U.S. Securities and Exchange Commission (SEC) to launch ETFs based on Circle (CRCL), following the stablecoin giants explosive IPO. Circle, which recently went public at $31 per share, has seen its stock nearly quadruple, surging another 9% in volatile trading today. ProShares, well-known for its leveraged ETF products, is aiming to launch the ProShares Ultra CRCL ETF, designed to deliver 2x the daily return of Circle stock. Leveraged ETFs are geared toward short-term traders seeking amplified exposure but come… Read more
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