Following the recent initial public offering (IPO) of Circle Internet Financial, several asset managers have filed for exchange-traded funds (ETFs) based on Circle's stock (ticker: CRCL). ProShares and Bitwise have submitted filings for ETFs tracking CRCL, including a covered call strategy. Additionally, a 2x leveraged Circle ETF has been proposed, with filings from ProShares, Bitwise, and TRex. TRex appears to have repurposed an earlier filing for a 2x daily single-stock ETF to expedite the approval process. The surge in Circle's stock price post-IPO has coincided with a broader rally in buy-now-pay-later (BNPL) fintech companies amid easing recession concerns.