proshares

Coinbase announced an investment in ProShares' GENIUS Money Market ETF (ticker IQMM) to advance stablecoin cash management. This product is one of the first money market ETFs designed under the GENIUS Act that can be used for stablecoin reserves. IQMM primarily holds U.S. Treasury securities and cash equivalents with maturities of no more than 93 days, aiming to meet the reserve requirements of Article 4 of the GENIUS Act regarding "high-quality, high-liquidity assets backed 1:1."

According to The Block, the GENIUS money market ETF launched by ProShares (ticker: IQMM) achieved a historic trading volume of $17 billion on its first trading day, far exceeding the $1 billion debut of the BlackRock Bitcoin ETF (IBIT) launched in 2024.This ETF is designed specifically for holding assets that meet the U.S. stablecoin reserve requirements and fully complies with the GENIUS Act signed last year, which mandates that stablecoin issuers must back their tokens with safe, highly liquid assets such as U.S. Treasury securities on a 1:1 basis. Analysts speculate that most of the funds may come from the stablecoin issuer Circle.

According to CoinDesk, asset management company ProShares has announced the launch of the KRYP ETF, which is the first cryptocurrency ETF in the U.S. to track the CoinDesk 20 Index, providing investors with exposure to a basket of the 20 largest and most liquid cryptocurrencies by market capitalization.The index is market-cap weighted with a cap on individual weights and is rebalanced quarterly to reduce the risk of concentration in a single asset. The CoinDesk 20 is selected from the top 250 cryptocurrencies by market capitalization, excluding stablecoins, meme coins, privacy coins, and various pegged/wrapped assets.

According to Jinshi News, the PROSHARES Bitcoin Strategy ETF rose by 2.5%, and the iShares Bitcoin Trust increased by 2.6%.

ChainCatcher news, according to Jinshi reports, ProShares Bitcoin ETF fell by 2.4%, and iShares Bitcoin Trust fell by 2.3%.

ChainCatcher news, according to Jin10, Bitcoin has fallen for the third consecutive day, and digital currency concept stocks are weak in pre-market trading. Proshares Bitcoin Strategy ETF fell by 4.3%, Riot Platforms (RIOT.O) dropped by 3.6%, and Marathon Digital (MARA.O) decreased by 3.7%.

ChainCatcher news, according to Jinshi reports, PROSHARES Bitcoin Strategy ETF and iShares Bitcoin Trust both fell by 1.1%.

ChainCatcher news, according to businesswire, exchange-traded fund provider ProShares announced the launch of the ETF "ProShares Ultra CRCL" that tracks Circle stock. This is reportedly the first ETF product launched by ProShares that tracks a single stock.Data shows that since its listing on the New York Stock Exchange in June this year, Circle's market capitalization has increased nearly fivefold.

ChainCatcher news, according to market news, ProShares has launched an ETF aimed at achieving 2x intraday returns for SOL and XRP.

ChainCatcher news, according to Cointelegraph, the NYSE has approved the ProShares Ultra XRP ETF (ticker: UXRP).

ChainCatcher news, Bloomberg senior ETF analyst Eric Balchunas retweeted on the X platform, ProShares and Bitwise have submitted ETF applications tracking Circle stocks to the U.S. SEC, namely: ProShares Ultra CRCL ETF and Bitwise CRCL Option Income Strategy ETF.The trading codes are currently pending, and the expected effective date is August 20.

ChainCatcher news, according to Fxempire, the U.S. SEC has approved three futures ETFs of ProShares Trust for XRP: ProShares UltraShort XRP ETF, ProShares Ultra XRP ETF, and ProShares Short XRP ETF, which will provide investors with a way to gain exposure to price movements without directly holding XRP tokens.ProShares Ultra XRP ETF: Aims to provide twice the returns of XRP futures prices.ProShares UltraShort XRP ETF: Aims to provide twice the inverse returns of XRP futures prices.ProShares Short XRP ETF: Aims to provide inverse returns of XRP futures prices.These three futures ETFs are scheduled to officially start trading on April 30, 2025.

ChainCatcher news, according to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) has approved ProShares Trust's XRP ETF to be publicly listed on April 30.

ChainCatcher news, according to market data, the U.S. stock crypto sector is down in pre-market trading, with ProShares Bitcoin Strategy ETF down 5.4% and iShares Bitcoin Trust down 5.5%.

ChainCatcher news, as Bitcoin once dropped over 5% within 24 hours, U.S. cryptocurrency stocks fell, with ProShares Bitcoin Strategy ETF and iShares Bitcoin Trust down 3.7%. (Jin Shi)

ChainCatcher news, according to Jinshi reports, the ProShares Bitcoin Strategy ETF fell by 3.7% in pre-market trading, and the iShares Bitcoin Trust dropped by 4.4%.

ChainCatcher news, according to Jinshi reports, ProShares Bitcoin Strategy ETF rose by 1.9%, and iShares Bitcoin Trust rose by 1.9%.

ChainCatcher news, according to Jinshi reports, ProShares Bitcoin Strategy ETF rose by 7.3%, and iShares Bitcoin Trust increased by 7%.In addition, the cryptocurrency sector in the US stock market saw a broad increase, with Bit Digital rising over 17%, Canaan Creative and MARA Holdings up more than 15%, and Riot Platforms and MicroStrategy nearly 10%.

ChainCatcher news, pre-market data for US stocks shows that ProShares Bitcoin Strategy ETF is up 6.1% in pre-market, and iShares Bitcoin Trust is up 6.6% in pre-market. (Jin Shi)