The ETF invests exclusively in short-term US Treasurys and is structured for potential use by stablecoin issuers under US reserve requirements.US-based exchangeThe ETF invests exclusively in short-term US Treasurys and is structured for potential use by stablecoin issuers under US reserve requirements.US-based exchange

ProShares seeks stablecoin reserves with GENIUS Act-compliant Treasury ETF

2026/02/20 04:11
1 min read
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The ETF invests exclusively in short-term US Treasurys and is structured for potential use by stablecoin issuers under US reserve requirements.

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 issuers.

ProShares seeks stablecoin reserves with GENIUS Act-compliant Treasury ETF

The ProShares GENIUS Money Market ETF, trading under the ticker IQMM, invests exclusively in short-term US Treasurys. Unlike conventional government money market funds, it uses a floating net asset value (NAV) based on market pricing and trades intraday on an exchange.

According to an announcement on Wednesday, the structure includes same-day settlement and dual NAV features designed for institutional reserve management.

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