ProShares’ GENIUS ETF Sees $17B Surge as Tokenized Fund Models Expand

TLDR ProShares recorded $17 billion in first-day trading volume for its new GENIUS money market ETF. The firm confirmed that internal fund allocations contributed to the early surge in activity. The GENIUS ETF follows federal rules for stablecoin reserve standards under the GENIUS Act. Analysts observed that the debut outpaced previous high-profile ETF launches across [...]

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