A conservative money market ETF investing in short-term U.S. Treasuries.

ProShares, a premier provider of exchange-traded funds (ETFs), today announced the launch of the ProShares GENIUS Money Market ETF (IQMM), the first money market ETF to meet the stringent requirements of the GENIUS Act, making it eligible for investment for stablecoin reserves. 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.

“IQMM reflects ProShares’ continued commitment to building innovative products for evolving markets,” said ProShares CEO Michael L. Sapir. “The fund offers a more conservative approach to cash management than is required by standard money market rules, with all the known benefits and convenience of an ETF. We believe that IQMM will be an attractive cash management alternative for institutional investors, including stablecoin treasuries, as well as financial professionals and individual investors.”

IQMM combines intra-day trading and weekly distributions in a low-cost ETF structure. For individual investors, IQMM may offer higher income potential than bank deposits¹ or holding cash. For institutions and stablecoin providers, the Fund’s dual Net Asset Value (NAV) and same-day settlement features may offer increased flexibility in managing reserve or treasury assets.

About ProShares
ProShares has been at the forefront of the ETF revolution since 2006, offering one of the industry’s largest ETF lineups. Together with its mutual fund affiliate, ProFunds, the firm manages more than $95 billion in assets.² The company is a leader in strategies such as dividend growth, high income, interest rate hedged bond, crypto and geared (leveraged and inverse) ETF investing. ProShares continues to innovate with products that provide strategic and tactical opportunities for investors to manage risk and enhance returns.

To learn more about the company and career opportunities, visit us on LinkedIn or at ProShares.com.

Sources:

¹ Shares are not FDIC-insured and may lose value. ETF market price and NAV can fluctuate. Yields will vary.
² As of 12/31/25

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 the summary and full prospectuses at ProShares.com. Read them carefully before investing.

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

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"We believe that IQMM will be an attractive cash management alternative for institutional investors, including stablecoin treasuries, as well as financial professionals and individual investors," said ProShares CEO Michael L. Sapir.