ProShares' stablecoin-ready ETF has $17 billion debut, sparking speculation about Circle
CoinDesk
by Krisztian SandorFebruary 22, 2026
AI-Generated Deep Dive Summary
ProShares' new ETF, the IQMM (ProShares GENIUS Money Market ETF), made waves with its $17 billion debut on February 22, 2026. This record-breaking launch sparked speculation that a major stablecoin issuer like Circle might be moving its reserves into the ETF. However, data revealed no significant changes to Circle's main reserve fund for US
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Originally published on CoinDesk on 2/22/2026