ProShares Launches GENIUS Money Market ETF for Stablecoin Reserves
ProShares has rolled out the IQMM ETF, a money market fund specifically designed to meet U.S. regulatory requirements for stablecoin reserves. The fund invests exclusively in cash and U.S. Treasury bills with maturities of 93 days or less, aligning with the GENIUS Act's liquidity mandates.
The stablecoin market, projected to reach $2 trillion to $4 trillion by 2030, is driving demand for compliant reserve instruments. IQMM offers issuers a turnkey solution for SAFE asset allocation while addressing daily redemption needs without exposure to longer-dated securities.
This launch coincides with heightened institutional interest in stablecoin infrastructure, exemplified by the TRUMP family's USD1 stablecoin promotion. Regulatory clarity under the GENIUS Act continues to shape reserve management strategies across the digital asset ecosystem.