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Cointelegraph by Nate Kostar

ProShares debuts IQMM Treasury ETF tailored to GENIUS Act reserves (July 2025)

ProShares launched the GENIUS Money Market ETF under ticker IQMM, investing solely in short‑term U.S. Treasurys and designed to qualify as reserve assets for stablecoin issuers. The fund uses a floating NAV, intraday trading, and same‑day settlement, with prospectus notes that yields could be lower versus broader money market mandates.
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