Circle's Stock Surges to 55th in Volume Amid 134% Rally and Launch of First Leveraged ETF

On August 8, 2025, Circle (CRCL) surged 3.99% with a trading volume of $1.42 billion, ranking 55th in market activity. The stock has gained 134% since its June IPO, driven by USDC adoption and regulatory progress in stablecoin frameworks.

ProShares launched the Ultra CRCL ETF (CRCA), the first leveraged fund designed to double daily returns of Circle’s stock. The product targets traders seeking amplified exposure as the firm benefits from growing demand for stablecoins and clearer U.S. regulatory guidelines. The ETF’s introduction follows the GENIUS Act, which established a legal framework for payment stablecoins, though federal rules remain pending.

Circle’s market position as a key player in tokenized assets and blockchain infrastructure has attracted short-term speculative interest. The leveraged ETF, part of ProShares’ 150-fund lineup, aligns with broader crypto adoption trends and institutional participation in digital assets. However, its daily rebalancing makes it unsuitable for long-term investors.

A strategy of purchasing top 500 high-volume stocks and holding for one day generated a 166.71% return from 2022 to the present, outperforming the benchmark by 137.53%. This underscores the impact of liquidity concentration in volatile markets, where high-trading-volume equities often exhibit amplified momentum.