PANews August 7 news, according to The Block, fund issuer ProShares has officially launched the Ultra CRCL ETF (ticker CRCA), which provides investors with 2x leveraged exposure to the daily price movements of Circle Internet Group stocks. Circle is the issuer of the world's second-largest stablecoin USDC, and its stock price has risen nearly 400% since its IPO, but has fallen over 25% in the past month. CRCA began trading on NYSE Arca on August 6 at a net asset value of $25 per share, with an expense ratio of 1.08%. ProShares stated that this product offers a new way for bullish investors on Circle to gain leveraged exposure without margin requirements.