PANews reported on August 7th that fund issuer ProShares officially launched the Ultra CRCL ETF ( ticker CRCA ), offering investors leveraged exposure to 2x the daily price fluctuations of Circle Internet Group shares. Circle , the issuer of the world's second-largest stablecoin, USDC , saw its stock price rise nearly 400% since its IPO , but has fallen over 25% over the past month. CRCA began trading on the NYSE Arca on August 6th , with a net asset value of $ 25 per share and an expense ratio of 1.08% . ProShares stated that this product provides investors with a bullish outlook on Circle with a new, margin-free way to leverage their exposure.