ProShares GENIUS Money Market ETF (IQMM)
Between earn-nothing cash, broken long-term bonds, these are the safety trades of 2026 market
Many investors are taking some record equity gains off the table and turning to short-term investments, particularly ultra-short bond funds, amid persistent concerns that the stock market is headed for an inevitable downturn. But bank deposits are paying next to nothing, and long-term bonds have been losing money, and remain subject to high volatility in an uncertain rate environment.
This ETF Quietly Became the Checking Account for the Entire Stablecoin Industry
ProShares (NYSEARCA:IQMM) listed IQMM in February 2026, and within roughly three months the fund held over $22 billion in assets, sitting atop a category it essentially invented.
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IQMM: The $22 Billion Money Market ETF You Did Not Know About
ProShares GENIUS Money Market ETF is a regulatory-compliant, T-Bill-only ETF with over $20 billion AUM since its February 2026 launch. IQMM's GENIUS Act compliance enables it to serve as a secure cash vehicle for stablecoin reserves, mitigating systemic banking risks for the crypto sector. The fund offers weekly distributions, a visually intuitive $100/share NAV, competitive 3.52% SEC yield, and a 0.15% net expense ratio (waived through January 2027).
Money Market ETF Hits $22 Billion in Record Launch
ProShares' IQMM becomes one of the most successful ETF launches ever by targeting stablecoin reserves and internal cash management.
ProShares' GENIUS-Ready Money Market ETF Eyes Stablecoin Cash Pile
ProShares now has what it describes as the first money market ETF structured to comply with the requirements of the GENIUS Act.