Proshares and Bitwise submit applications for ETF based on CRCL de Circle

The success of the arrival of Circle To the US stock market, it has already motivated a couple of administrators to propose investment products based on the company’s actions.

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• The price of the shares of Circle He shot more than 200% on his first day in the bag.
  
• Fund managers have already submitted applications to create ETF based on their performance.
  
• The strategies include leverage products and options with income from calls covered.
• The Sec You have a considerable amount of applications for crypto products in your office.

Due to the success of the arrival of Circle To the US stock market, and a couple of administrative entities of crypto investment fund Bag and Securities Commission (SEC) to launch ETFs based on the company’s actions.

Proshares and Bitwise After the ETFs of Circle

According to recently published reports, the companies in question would be Proshares and Bitwise, which already introduced before the Sec The respective requests to launch these new products as soon as possible.

The first one is the Proshares Ultra Crclan leverage ETF designed to replicate twice the daily performance of class A actions of Circle. That is, yes CRCL It rises 5% in one day, this fund should rise approximately 10%. This type of instruments is popular among investors with appetite for risk and short -term strategies.

The second is the Bitwise Crcl Option Incom Strategy ETFbased on a covered call strategy (Covered Call). In this approach, Purchase options are sold on shares that are already possessed, generating additional income and, at the same time, partially mitigating the risk of falls in the price of the underlying action.

Both presentations have an entry date scheduled for August 20, 2025.

Circle debuts on a bag with strong growth

The debut of Circle in the NYSE It had an immediate impact on financial markets. The company’s shares were launched with an initial price of USD $ 31, but in a matter of minutes, the price rose about 200%, reaching a current value close to USD $ 115 per share.

This quick rebound gave Circle a market assessment close to USD $ 25,000 million, according to data from Yahoo Finance. This capitalization level positions the firm as a new relevant actor in Wall Street, Especially when considering its key role in the Stablecoins ecosystem and digital financial infrastructure.

The success capitalized so far by Circle It has served as inspiration for other companies in the crypto sector. For example, we have the case of Gemini, Exchange of the Winklevos brothers, who already formalized his plans to go to the US stock market. On the other hand, the CEO of UPHOLD He already reported today that they contemplate this same option for the company, although they are still considering other alternatives.

Several ETF crypt waiting for a verdict

While Proshares and Bitwise Possible ETF explores with the actions of Circle, the Sec He has a considerable amount of requests for cryptocurrency -based investment products, which they wait for the official verdict by the agency.

ETF requests for ETFs based on currencies such as Solana, XRP, Dogecoin, among others. The agency also has presentations that seek to introduce standking mechanisms for funds linked to Ethereum, This with the intention of opening new opportunities for investors of these products.

Meanwhile, the Sec He has taken a good part of these requests to his last terms, exhausting the respective extensions while examining each case carefully. Given the changes in the regulatory perspective, it is believed that many of these presentations could be approved, although some administrators are demanding that the “search warrant”in order to guarantee competitiveness in this market.

For now, it only remains to wait and see what will be the verdict of the Sec For these and other products presented to your office.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.

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