ProShares $17 Billion ETF Launch Sets the Stage for the GENIUS Act Era

The ProShares GENIUS Money Market ETF (IQMM) shattered all records by logging $17 billion in first-day trading volume. The ETF invests in very short-term US government debt, making it extremely low risk and similar to holding cash. This ETF is designed so institutions, including stablecoin issuers, can use it as a safe place to store money while earning a small yield. However, market structure experts warn the staggering sum reflects a massive, behind-the-scenes corporate treasury migration rather than a sudden wave of retail investor mania source: https://beincrypto.com/proshares-stablecoin-etf-iqmm-breaks-records/