Money Market

IQMM is the Largest Money Market ETF in the World.

GENIUS Money Market ETF

ProShares GENIUS Money Market ETF is the first money market ETF to meet the stringent requirements of the GENIUS Act.

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Cash Management. Redefined.

ProShares GENIUS Money Market ETF (IQMM) delivers a flexible, transparent, and conservative approach to high-quality cash management. The fund offers a compelling potential income-generating alternative to holding cash—with the convenience and flexibility of an ETF.

Frequently Asked Questions About ProShares Genius Money Market ETF (IQMM)

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ProShares GENIUS Money Market ETF (IQMM) is the first money market ETF to meet the stringent requirements of the GENIUS Act, making it eligible for stablecoin reserve investment. IQMM provides a flexible, transparent option for investors seeking a high-quality cash management solution. The fund invests exclusively in short-term U.S. Treasuries with a focus on principal preservation and stability.

Unlike traditional money market mutual funds, IQMM trades intraday on an exchange like a stock, allowing investors to buy and sell shares throughout the trading day at market prices. Additionally, IQMM offers daily holdings transparency and the potential for transaction cost savings when shares are created or redeemed in-kind.

Rule 2a-7 under the Investment Company Act of 1940 governs how U.S. money market funds are managed. IQMM intends to operate as a government money market fund under this rule, which includes strict requirements around portfolio quality, maturity, and liquidity. As a result, the fund invests exclusively in short-term U.S. Treasuries and cash while maintaining high levels of daily and weekly liquidity.

Put idle cash to work, earning potentially higher income than bank deposits.

A liquid, capital-preserving way to seek income through an ETF.

Intraday Net Asset Value (NAV) and same-day settlement capability may offer increased flexibility in managing reserve or treasury assets.

The Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act), signed into law in July 2025, established the first comprehensive regulatory framework for stablecoins and stablecoin providers.

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Investing involves risk, including the possible loss of principal.  There is no guarantee any ProShares ETF will achieve its investment objective.

Although the Fund will seek to continue to qualify as a “government money market fund,” it will not seek to maintain a stable net asset value (“NAV”) per share using the amortized cost or penny rounding method of valuation. Instead, the Fund will calculate its NAV per share based on the market value of its investments. In addition, unlike a traditional money market fund, the Fund operates as an exchange traded fund (“ETF”). As an ETF, the Fund’s shares will be traded on NYSE Arca and will generally fluctuate in accordance with changes in its NAV per share as well as the relative supply of, and demand for, shares on NYSE Arca. An investment in the Fund is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor is not required to reimburse the Fund for losses, and you should not expect that the sponsor will provide financial support to the Fund at any time, including during periods of market stress.

Shares of the Fund are expected to be held primarily by one or more stablecoin issuers as part of the reserve assets backing their outstanding payment stablecoins. The activities of these issuers may create redemption pressure that could negatively impact the value of the Fund. In particular, during periods of market stress, regulatory uncertainty, or volatility in the digital asset ecosystem, the Fund may experience rapid or unexpected redemption requests. These redemptions could adversely affect the Fund’s liquidity, yield, and ability to maintain a stable net asset value, particularly during broader market dislocations.

Future legislative or regulatory developments—including, but not limited to, rulemaking pursuant to the GENIUS Act—may impact the types of assets the Fund is permitted to hold or the manner in which the Fund may be used as a reserve vehicle for stablecoin issuers. Because the Fund intends to invest only in certain eligible reserve assets permitted under the GENIUS Act, its yield may be lower than that of other money market funds with broader investment mandates.

Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing.

Quote data provided by Interactive Data - Real Time Services, Inc. and subject to terms of use.

ProShares ETFs (ProShares Trust and ProShares Trust II) are distributed by SEI Investments Distribution Co., which is not affiliated with the funds' advisor or sponsor.

ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds’ advisor or sponsor.

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