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IQMM’s historic first-day launch underscores how traditional cash funds are adapting to compete in a stablecoin-driven landscape following the passage of the GENIUS Act.<\/p>\n
ProShares\u2019 record-breaking debut of its money market exchange-traded fund (ETF) last week underscores the enormous demand for cash-management products at a time when the asset class is increasingly being tokenized \u2014 and, as industry proponents argue, the shift could help funds remain competitive amid increasing US stablecoin adoption.<\/p>\n
Money market funds invest<\/a> in short-term, high-quality debt instruments such as US Treasury bills, repurchase agreements and commercial paper. They are designed to preserve capital while offering modest yield and daily liquidity, making them a popular cash-management vehicle for investors.<\/p>\n That backdrop makes the launch<\/a> of the ProShares Genius Money Market ETF (IQMM) particularly notable. The actively managed fund, which primarily holds short-duration government securities, generated $17 billion in first-day trading volume on Thursday, an unprecedented figure for a newly launched ETF.<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n