ProShares launches its first GENIUS-compliant money market ETF, IQMM.

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PANews reported on February 19 that ProShares, a leading global provider of exchange-traded funds (ETFs), announced the launch of the ProShares GENIUS Money Market ETF (IQMM).

IQMM is the first money market ETF to meet the stringent requirements of the GENIUS Act, thus qualifying it to invest in stablecoin reserves. The fund focuses on investing in short-term U.S. Treasury bonds, with the aim of preserving principal and ensuring stability.

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The regulatory boundaries for prediction markets in the United States have been clearly defined: the Kalshi lawsuit has been confirmed to fall under federal jurisdiction.
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