ProShares launches GENIUS Act ETF (IQMM), a money market fund for stablecoin reserve compliance using short-term US government securities.

US-based exchange-traded funds issuer ProShares has launched a money market ETF designed to qualify as an eligible reserve asset under the GENIUS Act, positioning it for potential use by stablecoin ...

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ProShares introduces the IQMM ETF, compliant with the GENIUS Act, offering a stable solution for stablecoin reserve backing.

The investment seeks current income consistent with capital preservation while maintaining liquidity. The fund operates as a “government money market fund” pursuant to Rule 2a-7 under the Investment ...

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