ProShares’ new GENIUS money market ETF recorded a substantial $17 billion in first-day trading volume, largely fueled by internal fund allocations. This debut highlights the growing interest in tokenized fund structures and digital cash solutions, with the GENIUS ETF adhering to federal rules for stablecoin reserve standards. The event also spurred discussions on how digital cash products can integrate with regulated funds and the broader adoption of tokenized money market funds in institutional settings.
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ProShares’ GENIUS ETF Sees $17B Surge as Tokenized Fund Models Expand
ProShares’ new GENIUS money market ETF recorded a substantial $17 billion in first-day trading volume, largely fueled by internal fund allocations. This debut highlights the growing interest in tokenized fund structures and digital cash solutions, with the GENIUS ETF adhering to federal rules for stablecoin reserve standards. The event also spurred discussions on how digital cash products can integrate with regulated funds and the broader adoption of tokenized money market funds in institutional settings.