ProShares stablecoin-related ETF reaches $17 billion in trading volume on its first day
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
ProShares has launched the IQMM money market ETF, which complies with the stablecoin reserve requirements under the U.S. GENIUS Act, with a first-day trading volume exceeding $17 billion. Analysts had speculated that major stablecoin issuers such as Circle might transfer large amounts of reserve assets into this ETF, but data suggests that the trading volume may originate from internal fund flows. Markus Thielen of 10x Research stated that IQMM could attract demand from the $300 billion stablecoin industry, especially in the context of strengthened regulation.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
US Media: Closure of the Strait Reflects Internal Divisions in Iran
Cointime•2026/04/19 07:18
Morpho CEO: KelpDAO Incident Has Limited Impact on the Platform, But Second-Order Effects May Exist
BlockBeats•2026/04/19 07:15
Trending news
MoreCrypto prices
MoreBitcoin
BTC
$75,043.06
-2.68%
Ethereum
ETH
$2,306.57
-4.25%
Tether USDt
USDT
$1
+0.00%
XRP
XRP
$1.42
-3.43%
BNB
BNB
$620.24
-3.69%
USDC
USDC
$0.9996
-0.02%
Solana
SOL
$84.79
-4.14%
TRON
TRX
$0.3297
+0.64%
Dogecoin
DOGE
$0.09400
-4.99%
Hyperliquid
HYPE
$43.27
-3.28%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now