ProShares GENIUS Money Market ETF (IQMM)

The ProShares GENIUS Money Market ETF is a money market fund from ProShares structured as an exchange-traded fund. It invests in very short-term, high-quality instruments such as U.S. Treasury bills and repurchase agreements backed by Treasuries, aiming to preserve capital and provide current income.

Its name refers to the GENIUS Act, the U.S. law establishing a regulatory framework for payment stablecoins, and the fund is designed with holdings consistent with the kinds of reserve assets that stablecoin issuers are permitted to hold under that framework.