U.S. ETF issuer ProShares has launched the GENIUS Money Market ETF that meets stablecoin reserve requirements, Cointelegraph reported on Feb. 19.
The ETF invests only in short-term U.S. Treasuries and is designed to comply with GENIUS Act rules for high-quality short-term assets. Unlike existing money market funds, it applies a floating net asset value and trades in real time on an exchange. It also includes same-day settlement and dual NAV features, optimised for institutional reserve management.
Because it follows the requirements set by the GENIUS Act, the ETF could have lower yields than existing money market funds. If the law is revised in the future, how the ETF is used could also change.
The GENIUS Act is a U.S. federal bill passed in July 2025. It requires stablecoin reserves to consist only of high-quality assets such as short-term U.S. Treasuries. ProShares said it expects the ETF to be used by stablecoin issuers to meet regulatory requirements.
Chi-gyu Hwang
delight@d-today.co.kr