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ProShares Launches GENIUS-Compliant Money Market ETF for Stablecoin Reserves

The fund holds only cash alongside U.S. Treasury bills maturing within 93 days to satisfy statutory 1:1 backing rules.

Overview

  • IQMM trades throughout the day and offers same-day settlement to help stablecoin issuers handle daily redemptions.
  • The portfolio is confined to cash and Treasury bills of 93 days or less, explicitly avoiding corporate credit exposure.
  • ProShares frames the ETF as a conservative cash tool for stablecoin treasuries and large institutions that need regulated, liquid reserves.
  • Stablecoin supply is just under $300 billion, with projections from officials and analysts ranging from roughly $2 trillion to $4 trillion in coming years.
  • The rollout aligns with new private stablecoin efforts such as World Liberty Financial’s USD1 promoted by members of the Trump family, underscoring growing demand for compliant reserve vehicles.