Summary
- Two Circle (CRCL) related ETFs listed on the US Nasdaq are scheduled to launch on August 20.
- The first product is the ProShares Ultra CRCL ETF, a 2x leveraged ETF tracking Circle's stock price.
- The second product is the Bitwise CRCL Option Income Strategy ETF, which is expected to utilize a covered call strategy.
Exchange-traded fund (ETF) products related to Circle (CRCL), the issuer of USD Coin (USDC) listed on the US Nasdaq, are expected to be launched.
On the 9th (local time), Eric Balchunas, a Bloomberg ETF analyst, announced on X (formerly Twitter) that "ProShares plans to launch the 'ProShares Ultra CRCL ETF,' a 2x leveraged ETF tracking Circle's stock price." He added, "Bitwise also plans to launch the 'Bitwise CRCL Option Income Strategy ETF,' utilizing a covered call strategy."
The scheduled launch date for these products is August 20 (local time). However, detailed information including tickers is not yet available.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
