ProShares debuts IQMM ETF aligned with GENIUS Act's 93-day Treasury cap

ProShares has launched the ProShares GENIUS Money Market ETF (NYSE Arca: IQMM), a vehicle built to hold assets eligible as reserves for dollar-pegged stablecoins under U.S. law. The fund confines holdings to cash and U.S. government securities maturing in 93 days or less, while stablecoin supply sits just under $300 billion, according to The Block's data.