ProShares now has what it describes as the first money market ETF structured to comply with the requirements of the GENIUS Act.

• ProShares GENIUS Money Market ETF shares are testing new highs. Why did IQMM hit a new high?

Michael L. Sapir, CEO of ProShares, stated that the company believes the ETF will be of interest to a broad spectrum of market participants, including institutional investors and stablecoin treasury managers, as well as financial advisors and individual investors.

Sapir stated the new ETF takes a more conservative approach to cash management than is normally required under standard money market regulations. He noted the new ETF structure attempts to marry the…

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