ProShares’ IQMM ETF Posts Record $17B Trading Debut

[cryptobro]

The ProShares GENIUS Money Market ETF (IQMM) made history with a staggering $17 billion in first-day trading volume — far surpassing previous ETF launch records. The fund invests in ultra-short-term U.S. Treasurys, functioning as a low-risk, cash-like vehicle designed for institutions seeking liquidity with modest yield.

Bloomberg ETF analyst Eric Balchunas noted the scale of the debut was “multitudes beyond” typical launches, even eclipsing the $1 billion first-day volume of BlackRock’s spot Bitcoin ETF, IBIT. However, the record inflow wasn’t retail-driven — it reflected a strategic internal capital migration, with ProShares reallocating its own funds’ cash positions into the newly launched vehicle.

[madtrader]

$17 BILLION day one is insane. even if it’s internal that number jumps off the page