- Circle stock jumped 17% after ETF filings stirred fresh momentum
- Bitwise targets income generation with CRCL covered call ETF
- ProShares targets 2x daily return on Circle stock with new ETF
Bitwise and ProShares have filed new ETF applications based on the performance of Circle stock CRCL. The move follows an increase in Circle’s market activity after its recent IPO. If approved, the ETFs will be introduced on August 20, 2025.
ProShares submitted a proposal for the Ultra CRCL ETF which seeks to offer twice the daily return of Circle’s stock. Moreover, Bitwise has applied for a CRCL Income ETF that relies on covered calls to provide steady returns. These are the first ETFs that track its shares since the company’s IPO.
Circle’s stock price increased by 17% to $126.24 after the filings were released. There was an increase in trading volume and investments after the announcement. According to the filings, there is huge interest to invest in recently listed high-growth fintech companies.
Ultra CRCL ETF and CRCL Income ETF Structures
ProShares intends to offer investors 2x daily exposure with its Ultra CRCL ETF, which is built for short-term traders. The fund needs daily rebalancing to keep the leverage target, which makes it ideal for active investors. However, the long-term results may not be the same as the short-term ones.
Bitwise CRCL Income ETF offers regular income by investing in CRCL shares and selling call options. This approach limits the possible increase in the stock price gains in exchange for regular option premiums. The structure is intended for investors who seek less volatile investments and regular returns.
The two ETF proposals are still under reviewed by the SEC and a decision is expected by August 20, 2025. If approved, Circle would become the first company to offer crypto-linked stocks and multiple ETFs. Moreover, this reflects the growing number of single-stock ETFs connected to recent IPOs.
Circle’s IPO Draws Massive Institutional Interest
Circle’s IPO attracted major institutional investors such as Ark Investment Management who invested $373 million. The investment followed a wave of excitement caused by the ETF applications. Market participants continue to keep a close eye on the company for new institutional actions.
The introduction of these ETF proposals is a major step for the financial sector as single-stock ETFs become popular. Bitwise and ProShares are strengthening their position early in a new area. This shows increased interest in the merger of traditional finance and blockchain-based companies.
Circle’s momentum continues although there are wider market uncertainties linked to upcoming U.S. CPI and PPI data. Although investors are cautious, they are still interested because macroeconomic shifts could influence short-term stock behavior. The new regulatory decisions and economic policies could affect the market mood for Circle and its ETFs.
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