ProShares and Bitwise have filed applications with the U.S. Securities and Exchange Commission (SEC) to launch exchange-traded funds (ETFs) that will track shares of Circle, the issuer of the USDC stablecoin. The proposed ETFs are named ProShares Ultra CRCL ETF and Bitwise CRCL Option Income Strategy ETF. The trading codes for these ETFs are yet to be determined, with an anticipated effective date of August 20.