ProShares don launch 2× leveraged ETF on Circle stock

ProShares don launch di Ultra CRCL ETF (ticker: CRCA), wey be 2× daily leveraged ETF wey dey give more exposure to Circle Internet Group stock. Circle na di issuer of USDC, di second-biggest stablecoin by market cap. Di shares of Circle don blow like nearly 400% since their IPO but dem loss over 25% for di last month. Trading start for August 6 for NYSE Arca with starting NAV $25 and expense ratio 1.08%. Dis margin-free leveraged ETF go allow traders wey dey bullish double dia daily gains on Circle stock without margin. But di compounding effects fit make losses big pass when market dey down. Traders suppose use proper risk management and clear exit plans. Di product na sign say institutional people dey more interested for structured crypto-linked instruments and e dey widen regulated digital-asset offerings.