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ProShares launches the first money market ETF compliant with the GENIUS Act, IQMM
GateNewsBot
PANews, February 19 — Global leading exchange-traded fund (ETF) provider ProShares announced the launch of the ProShares GENIUS Money Market ETF (IQMM).
IQMM is the first money market ETF that meets the strict requirements of the GENIUS Act, making it eligible to invest in stablecoin reserves. The fund focuses on investing in short-term U.S. Treasury bonds with the goal of capital preservation and stability.
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