Key Takeaways
- Circle’s stock (CRCL) surged 17% post-IPO and is gaining further momentum following ETF filings by ProShares and Bitwise, marking the first single-stock ETFs tied to a crypto-fintech company.
- The proposed ETFs—one offering 2x leveraged exposure and another using a covered call strategy—are awaiting SEC approval, with a planned launch date of August 20, 2025.
Circle Interest Group (CRCL) has emerged as a key player in the financial markets following its highly anticipated IPO. Now, CRCL is at the center of a new financial innovation wave as asset managers ProShares and Bitwise file for two single-stock ETFs linked directly to the company’s share price. According to Bloomberg’s ETF analyst Eric Balchunas, ProShares is launching the “Ultra CRCL ETF,” a 2x leveraged fund designed to amplify daily gains of the stock, while Bitwise is introducing a “CRCL Income ETF,” focused on a covered call strategy.
These proposed ETFs, set to go live on August 20, 2025, pending SEC approval, mark a historic milestone. It would be the first time ETFs are directly tied to a major player in the crypto-fintech space—underscoring Circle’s growing influence in both traditional and digital finance sectors.
CRCL Stock Sees Post-IPO Volatility, Gains New Momentum
Recent IPO Circle about to get the ETF treatment. Already filings for a 2x Circle ETF and a covered call strategy. https://t.co/8yvtlURUcH
— Eric Balchunas (@EricBalchunas) June 9, 2025
CRCL’s stock debuted with significant investor interest, surging 17% to reach $126.24. The IPO success was further bolstered by major institutional backing, including Ark Investment’s substantial $373 million purchase. While the stock experienced initial volatility—typical for new listings—the announcement of the ETF filings has helped re-energize investor sentiment and push prices higher once more.
These developments suggest that Circle’s market activity is not a passing trend, but part of a broader shift as institutional investors seek exposure to crypto-adjacent equities through regulated financial instruments.
Also Read: Circle Goes Public: CRCL Stock Debuts on NYSE
Regulatory Watch: SEC Decision Looms Large Over ETF Launches
Despite the optimism, the fate of these ETFs rests with the U.S. Securities and Exchange Commission. While investors are bullish, the market remains cautious ahead of the SEC’s approval decision. Macro factors, including upcoming U.S. CPI and PPI reports, could also influence investor behavior in the near term.
Until regulatory clarity is achieved, CRCL’s short-term performance may continue to fluctuate. However, with ETFs poised to bring additional liquidity and accessibility to Circle stock, long-term prospects remain strong—especially as the crypto-fintech ecosystem continues to mature.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
