BlockBeats news, on February 21, according to The Block, ProShares' GENIUS Money Market ETF set a record on its first day of trading with $17 billion in volume. The ETF holds assets that meet the legal reserve requirements for U.S. dollar-stablecoins, including U.S. Treasuries. The fund is designed to help issuers meet daily redemption requests without having to sell long-term bonds at a loss during periods of market stress.
ProShares' GENIUS Money Market ETF reaches $17 billion in first-day trading volume.
KuCoinFlashShare
Summary
On its first day of trading on February 21, 2026, ProShares' GENIUS money market ETF recorded $170 billion in trading volume. The ETF holds U.S. Treasury securities and other assets that meet legal reserve requirements for dollar-stablecoins. ETF inflows surged as the fund aims to support stablecoin issuers in managing daily redemptions without having to sell long-term bonds during periods of market stress.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.