ProShares GENIUS Money Market ETF

IQMM

Market cap $22.1B

The engine of ETF innovation is firing on all cylinders. As the second quarter gains momentum, the industry is on a record-setting pace for both launches and inflows.

Kirsten Chang, senior industry analyst at VettaFi, joined Nate Geraci on this week's ETF Prime to discuss the relentless pace of new ETF launches in 2026. The industry has launched nearly 370 new ETFs in just over four months.

Active exchange traded fund inflows in the first quarter hit an all-time high of $245.21 billion, crushing last year's record by 70% and pushing global assets to $2.12 trillion.

ETFs are a huge part of the investing landscape, having exploded in popularity since the 2019 ETF rule. The funds offer greater tax efficiency, transparency, and tradability than their mutual fund counterparts.

ProShares GENIUS Money Market ETF is a regulatory-compliant, T-Bill-only ETF with over $20 billion AUM since its February 2026 launch. IQMM's GENIUS Act compliance enables it to serve as a secure cash vehicle for stablecoin reserves, mitigating systemic banking risks for the crypto sector. The fund offers weekly distributions, a visually intuitive $100/share NAV, competitive 3.52% SEC yield, and a 0.15% net expense ratio (waived through January 2027).

Cinthia Murphy, investment strategist at VettaFi, joined Nate Geraci on this week's ETF Prime to discuss record ETF flows in the first quarter despite challenging market conditions. The industry exceeded $460 billion in total flows, a 50% year-over-year increase from Q1 2025, according to Murphy.

Key Takeaways The ProShares Genius Money Market ETF (IQMM) gathered $22 billion in just over a month, making it the most successful ETF launch of 2026. IQMM is the first money market ETF designed to meet Genius Act requirements for stablecoin reserves.

A look at ETF flows for the month of March suggests caution is back in vogue. Fixed income ETFs showed serious muscle in the asset gathering race last month, capturing nearly 45% of net creations.

Key Takeaways: Defense ETFs now hold $42 billion in assets with $9 billion in inflows this year amid rising geopolitical tensions. Eight out of nine new defense ETF launches since 2025 have been global or international offerings.

Geopolitical turmoil has been testing investor appetite for cryptocurrencies. ProShares Advisors global investment strategist Simeon Hyman and Main Management CEO and portfolio manager Kim Arthur join CNBC's Dominic Chu on “ETF Edge” to discuss what's driving the price changes, where the asset is headed and whether this all means the “crypto winter” is thawing.