ProShares’ stablecoin-ready ETF posts $17B trading debut
ProShares’ GENIUS Money Market ETF (NYSE: IQMM) generated roughly $17 billion in trading volume on its first day of trading, a debut that industry coverage described as a new single-day record for an ETF launch [3][1].
The fund is structured under the GENIUS Act framework and was specifically built to align with stablecoin reserve requirements, positioning it as a stablecoin-compliant vehicle that attracted heavy inflows on launch day [3][4][2].
The opening-day volume dwarfed the previous launch record — BlackRock’s iShares Bitcoin Trust (IBIT) generated about $1 billion on its January 2024 debut — and placed IQMM among the most actively traded ETF debuts in history, according to reporting [3][4].
Market coverage framed the reception as evidence of strong demand for products that bridge traditional ETF markets and stablecoin infrastructure, noting the unusually large first-day turnover for the new ProShares offering [1][2][3].
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Citations
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- 1ProShares’ stablecoin-ready ETF posts ‘insane’ $17B trading debutAMBCrypto• Feb 21, 2026
- 2‘Multitudes Beyond the All-Time Record’ — Stablecoin-Compliant ETF Draws $17B on Opening DayBitcoin.com News• Feb 21, 2026
- 3ProShares’ New ETF Breaks Record With $17B First-Day VolumeETHNews• Feb 21, 2026
- 4ProShares GENIUS Money Market ETF Shatters Records With $17B Debut36Crypto• Feb 21, 2026
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