ProShares just broke the ETF record!
Their GENIUS Money Market ETF (IQMM) hit $17 B in first-day trading — that’s 17× more than BlackRock’s Bitcoin ETF debut.
Why the hype?
• It’s a money market fund built to hold stablecoin reserves under U.S. rules
• Features like same-day settlement & weekly distributions are attracting big institutions
• Analysts think some of the cash could be coming from USDC issuers or other major players
This feels like a major institutional shift into regulated crypto-related products.
Now the question 👇
Is this the start of stablecoins going fully mainstream…
Or just a one-time record-breaking debut?
Would you put money in an ETF like this?