ProShares Debuts Money Market ETF to Meet the GENIUS Act

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ProShares gains a first-mover advantage in a new institutional vertical by launching the first money market ETF compliant with the GENIUS Act, enabling its use in stablecoin reserves. The fund's immediate scale and T+0 settlement capabilities position it to capture significant institutional cash flows.

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In context

ProShares has created a new institutional revenue stream by launching the first money market ETF (IQMM) compliant with the GENIUS Act, making it eligible for stablecoin reserves and featuring T+0 execution.

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• etf▲6%
• regulation
• PRO
• genius act
• institutional investing
• liquidity
• money market
• stablecoin
• treasuries