The first ETF created to be a compliant reserve asset for U.S. stablecoin issuers under the GENIUS Act of 2025, ProShares has launched the GENIUS Money Market ETF (ticker: IQMM). Launched on February 17, 2026, and trading on NYSE Arca, IQMM invests only in extremely safe, short-term assets like cash, Treasury bills, notes, bonds, and overnight repos. Since it is a government money market fund with a floating (market-based) NAV instead of a fixed stable one, it gives principal protection, great liquidity, and present income priority while satisfying the strict reserve requirements defined by the new laws.
Signed into law in July 2025, the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act) sets the first federal system for payment stablecoins, demanding 100% support with superior liquid assets like short-term Treasuries (with maturity restrictions of 93 days). This allows issuers of stablecoin to store items such IQMM in order to improve regulatory compliance, transparency, and stability of reserves. IQMM provides a transparent, exchange-traded tool that fits Wall Street creativity with digital currency expansion among growing stablecoin circulation nearing $300 billion and predictions for significant future growth.
For crypto participants and investors, IQMM offers a low-risk yield alternative connected to the momentum of the stablecoin ecosystem, hence maybe easing redemption demands in erratic markets. Shares trade like those of conventional ETFs, with real-time quotations on CNBC or ProShares’ website (presently fluctuating around $100 with little fluctuation). Although it has no direct relationship to commodities or forex, the debut highlights growing U.S. regulatory transparency for blockchain assets and positions IQMM as a bridge between conventional finance and the growing stablecoin environment.
