ProShares IQMM ETF Hits Record $17 Billion Volume

ProShares’ Genius Money Market ETF (IQMM) broke records with $17 billion in volume on its first trading day last week. This is an unprecedented figure for a new ETF, highlighting the demand for money market products. Money market funds invest in short-term high-quality debt instruments such as US Treasury bills, repurchase agreements, and commercial paper, preserving capital, providing modest returns, and daily liquidity.

Source: Eric Balchunas

Reasons Behind IQMM’s Record Volume

Although much of the volume came from internal allocations from ProShares’ existing funds, the development demonstrates the strategic importance of money market instruments in portfolio management. IQMM is structured in compliance with the GENIUS Act, attracting attention during a period when tokenized money market funds are rising as alternatives to stablecoins. BlackRock’s BTC detailed analysis ETF (IBIT) recorded $1 billion on the first day, while an ESG ETF recorded $2 billion in volume. Tokenized funds reached $9 billion, while the BIS highlighted new risks.

Rise of Money Market Funds Amid BTC Downtrend

BTC price at 64,215$ level with a -4.80% drop (RSI: 31.03, Bearish Supertrend), investors are seeking safe havens. Turkish companies like Net Holding hold 352 BTC, while Bitdeer sold its 2,000 BTC; Saylor continues BTC purchases with common shares. Funds like IQMM provide protection against BTC volatility.

• Supports: S1: 62,940$ (Strong, -2.04%)
• S2: 61,102$ (Strong, -4.90%)
• Resistances: R1: 64,323$ (Very Strong, +0.12%)
• R2: 68,187$ (Strong, +6.13%)

FAQ on IQMM and Tokenized Funds

• What is IQMM and why did it achieve record volume? GENIUS Act compliant money market ETF, reached $17 billion volume with internal allocations.
• Will demand for IQMM increase during BTC decline? Yes, it stands out as a stablecoin alternative in BTC downtrend (RSI 31).
• Will tokenized funds overcome BIS risks? BIS warns, but growth reached $9 billion.

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