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ProShares Debuts Money Market ETF to Meet the GENIUS Act
ProShares has launched the ProShares GENIUS Money Market ETF (IQMM), designed to provide competitive current income while ensuring capital preservation and liquidity. The ETF is notable for being the first money market ETF to meet the requirements of the Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025 (GENIUS Act), making it eligible for stablecoin reserves. IQMM offers attractive features like same-day settlement and weekly distributions, and ProShares claims it is the world’s largest money market ETF.