Circle (CRCL) is the company behind USDC, the second-largest dollar stablecoin in circulation. It went public in June 2025, and the stock has been wildly volatile ever since: a huge post-IPO run-up, then an equally sharp pullback. Most of Circle's revenue comes from interest earned on the Treasuries that back USDC, so it trades like a leveraged bet on both crypto adoption and the rate environment. The 2026 GENIUS Act, which set the first federal rules for stablecoin issuers, turned it into one of the most closely watched names in fintech.
That volatility is exactly why fund issuers piled in. Below are the six leveraged and inverse ETFs built on CRCL: five bullish plays and one inverse fund for betting against it.
Related: Leveraged Coinbase ETFs and MSTR ETFs.
Quick Overview
| Ticker | Fund Name | Leverage | Direction | Expense Ratio | AUM |
|---|---|---|---|---|---|
| Long | |||||
| CRCG | Leverage Shares 2x Long CRCL Daily ETF | 2x | Long | 0.78% | $143.3M |
| CRCA | ProShares Ultra CRCL | 2x | Long | 0.95% | $123.0M |
| CCUP | T-REX 2X Long CRCL Daily Target ETF | 2x | Long | 1.50% | $40.6M |
| CRY | GraniteShares YieldBOOST CRCL ETF | variable | Long | 1.07% | $1.8M |
| CIR | Corgi CRCL 2x Daily ETF | 2x | Long | 0.45% | $0.7M |
| Short (Inverse) | |||||
| CRCD | T-REX 2X Inverse CRCL Daily Target ETF | 2x | Short | 1.50% | $9.2M |
CRCG
Leverage Shares 2x Long CRCL Daily ETF
CRCA
ProShares Ultra CRCL
CCUP
T-REX 2X Long CRCL Daily Target ETF
CRY
GraniteShares YieldBOOST CRCL ETF
CIR
Corgi CRCL 2x Daily ETF
CRCD
T-REX 2X Inverse CRCL Daily Target ETF
Risk Warning: Leveraged and inverse ETFs are complex financial instruments that may not be suitable for all investors. Past performance does not guarantee future results. Please consult with a financial advisor before making investment decisions.