ProShares - GENIUS Money Market ETF
IQMM
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Patrick Chalhoub
- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 7501 Wisconsin Avenue, Suite 1000E Bethesda MD United States of America 20814
- IPO Date
- Feb 17, 2026
- CIK
- 0001174610
- Website
- proshares.com
- Similar Companies
- Business
- ProShares GENIUS Money Market ETF (IQMM) is an exchange-traded fund that seeks current income consistent with liquidity and preservation of capital by investing exclusively in short-term U.S. Treasuries, including Treasury bills; it operates as a conservative money market ETF with a floating net asset value, dual NAV calculations at 12:00 p.m. and 4:00 p.m. ET, intra-day trading, weekly distributions, and same-day settlement features. Launched on February 17, 2026, IQMM is the first money market ETF designed to meet the stringent reserve asset requirements of the GENIUS Act, qualifying it for use in stablecoin reserves while offering a low-cost structure with a net expense ratio of 0.15%. The fund targets institutional investors such as stablecoin issuers, financial professionals, and individual investors seeking high-quality cash management alternatives to bank deposits or cash holdings. IQMM's holdings consist primarily of zero-coupon U.S. Treasury bills maturing in March through May 2026, such as those due April 7, March 26, March 31, April 9, and others, with weighted average maturity and life of approximately 45 days and 100% daily and weekly liquid assets. It trades on NYSE Arca under the ticker IQMM (intraday: IQMM.IV) with CUSIP 74350P691. ProShares, the issuer, founded in 1999 and headquartered in Bethesda, Maryland, manages over $95 billion in assets and provides one of the industry's largest ETF lineups, including strategies in dividend growth, high income, interest rate hedged bonds, crypto-linked products, and geared (leveraged and inverse) ETFs; its affiliate ProFunds offers complementary mutual funds. The firm operates globally but focuses on U.S. markets. In recent developments, ProShares launched IQMM on February 17, 2026, marking its entry into GENIUS Act-compliant products for stablecoin treasuries amid growing demand for regulated reserve vehicles; the fund saw high initial trading volume exceeding 175 million shares on February 19, 2026. Earlier, in September 2025, ProShares strengthened distribution through key hires, and in 2025 selected Ultimus Fund Solutions as administrator for 116 ProFunds mutual funds. ProShares also announced ETF share splits in February 2026.