ProShares Launches First GENIUS Act Focused Money Market ETF, Targeting Ripple, Tether, Circle
Asset manager ProShares has launched the first money market ETF that has ties to the GENIUS Act, which passed last year. As Market expert Nate Geraci noted, the fund aims to target stablecoin issuers like Ripple, Tether, and Circle, providing them with an avenue to invest the reserves backing their stablecoins. GENIUS Act ETF Targets
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