Neither filing listed a ticker or fee schedule, and both target an effective date of August 20 under Rule 485(a)(2).
Each issuer must file a final prospectus, obtain exchange listing approval, and secure exemptive relief for the use of derivatives before its shares can be listed.
If the SEC declares the statements effective on the default August timetable, the products could begin trading late in the third quarter.
Furthermore, CRCL printed a fresh all-time high of $138.57 on June 9 before correcting.
The next session saw the share price recover to a record $123.52 and finish above $100, a level it has maintained since.
The twin filings highlight immediate demand for packaged exposure to Circle’s equity as traditional asset managers bridge public-market wrappers with businesses rooted in stablecoin economics.
