Coinbase invested in Proshares’ GENIUS Money Market ETF as stablecoin reserve standards evolve. The fund uses short-term U.S. Treasurys, cash, and cash

The fund, called ProShares GENIUS Money Market ETF, has $22 billion in assets under management and launched this year.

Coinbase invests in ProShares’ IQMM ETF to support GENIUS Act stablecoin reserves as demand for compliant infrastructure grows.