Aug 7, 02:26 PM

ProShares Launches 2x Leveraged ETF Tracking Circle Stock

ProShares on Thursday introduced the "Ultra CRCL" exchange-traded fund, the first U.S. single-stock product designed to provide twice the daily return of Circle Internet Group shares (ticker CRCL). The fund began trading on Aug. 7. The issuer submitted its prospectus only 60 days ago, beating the Securities and Exchange Commission’s typical 75-day review period for new ETFs. The accelerated approval highlights continued demand for highly leveraged vehicles that let retail investors amplify short-term moves in individual equities. The launch follows a rough stretch for Circle, whose stock has fallen about 25% over the past month, a slide that could magnify volatility for investors in the new 2x product.

#ProShares #Circle Internet Group #Securities and Exchange Commission #Circle

Written with ChatGPT .

Sources

The Block@TheBlock__
1 year ago
ProShares launches 2x leveraged ETF tracking Circle stock, after 25% monthly decline https://t.co/CfgLWbFWOj
Latest News from Business Wire@NewsFromBW
1 year ago
ProShares Launches First Single-Stock ETF Targeting 2x Daily Returns of Circle Internet Group https://t.co/LfY9ITLpTx https://t.co/AlHi2duihV
Kyle Chassé / DD🐸@kyle_chasse
1 year ago
The first-ever 2x Circle ETF launches today. What’s wild? It filed its prospectus just 60 days ago. Normally it’s a 75-day wait… but here we are. No delays. No hesitation. Circle’s getting the green light faster than expected. https://t.co/QstiI3C9Eo

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