The First GENIUS Act ETF Is Here – And It’s Built for Stablecoins

ProShares has launched the ProShares GENIUS Money Market ETF (ticker IQMM), the first exchange-traded fund explicitly designed to hold compliant reserves for stablecoin issuers under the GENIUS Act. The ETF invests in short-term U. S. government securities that satisfy the liquidity and reserve requirements mandated by the legislation source: https://techgaged.com/the-first-genius-act-etf-is-here-and-its-built-for-stablecoins/