ProShares Stablecoin Reserve ETF's first-day trading volume sets a record at $17 billion

DeepFlowTech · 2026-02-21T00:31:48+00:00

ProShares' GENIUS Money Market ETF set a historic trading volume of $17 billion on its first day, far surpassing BlackRock's Bitcoin ETF first-day volume of $1 billion. The ETF complies with the newly enacted stablecoin legislation, and analysts speculate that the funds mainly come from stablecoin issuer Circle.

DeepFlowTech

2026-02-21 00:31:48

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Deep Tide TechFlow News, February 21, According to The Block, ProShares’ GENIUS Money Market ETF (ticker: IQMM) set a historic trading volume of $17 billion on its first trading day, far surpassing the $1 billion first-day performance of the BlackRock Bitcoin ETF (IBIT) launched in January 2024. The ETF is specifically designed to hold assets that meet the US stablecoin reserve requirements, fully compliant with the GENIUS Act signed in July last year, which mandates stablecoin issuers to back their tokens with 1:1 reserves of safe, highly liquid assets such as US Treasuries. Analysts speculate that most of the funds may come from stablecoin issuer Circle.

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