Circle Internet Group’s post-IPO rally has now inspired not one, but two new leveraged ETFs aimed at traders eager to ride the momentum of one of the most talked-about companies in digital finance. REX Shares, in partnership with Tuttle Capital Management, has launched the T-REX 2X Long CRCL Daily Target ETF (CBOE: CCUP), offering 200% daily exposure to Circle, the company behind the USDC stablecoin. ProShares, the heavyweight of the leveraged ETF space, has answered with its own entrant, ProShares Ultra CRCL (NYSE: CRCA), targeting the same 2x daily returns through its expansive lineup of over 150 ETFs.
The launches arrive at a pivotal moment for the digital asset industry. The recent passage of the GENIUS Act has delivered long-awaited regulatory clarity for U.S. payment stablecoins, effectively removing one of the biggest uncertainties facing the sector. This legal framework has positioned Circle—already a leader in bridging traditional finance with blockchain technology—to expand its institutional-grade payments network, which spans more than 185 countries and supports tokenized funds, blockchain developer tools, and real-time settlement solutions. Since its June IPO, Circle’s market capitalization has surged nearly fivefold, fueled by both the regulatory shift and the accelerating adoption of stablecoins in mainstream commerce.
For REX and Tuttle, CCUP joins their T-REX family of single-stock leveraged and inverse ETFs, a lineup that already includes high-volatility plays tied to Tesla, NVIDIA, and major cryptocurrencies. For ProShares, CRCA fits alongside some of the most actively traded leveraged products in the market, including the $25 billion TQQQ and the pioneering ProShares Bitcoin ETF (BITO). Both Circle ETFs are designed for short-term traders seeking amplified price moves without the complexities or risks of margin borrowing, resetting daily to magnify gains—or losses—based on Circle’s performance.
Circle’s trajectory sits at the intersection of fintech innovation, regulatory transformation, and speculative trading opportunity. With two major ETF issuers now offering double-leveraged exposure, the company’s stock is set to become a magnet for active traders betting that stablecoins and blockchain-based payment rails will continue their march into the heart of global finance. For those willing to embrace the volatility, CCUP and CRCA provide a new way to take a high-conviction position on one of the most closely watched growth stories in the market today.