ProShares Launches GENIUS Money Market ETF for Stablecoin Re

ProShares has announced the launch of the GENIUS Money Market ETF, marking a significant development in the cryptocurrency sector. This ETF is the first of its kind designed to hold compliant reserves specifically for stablecoin issuers, in accordance with the GENIUS Act. The introduction of this ETF aims to provide a regulated and secure option for stablecoin issuers to manage their reserves, potentially enhancing the stability and trust in the stablecoin market.