BUSINESSTHE BLOCK
Coinbase investing into stablecoin reserves ETF issued by ProShares
Coinbase is investing in the ProShares GENIUS Money Market ETF, which has $22 billion in assets under management and was launched this year. The ETF focuses on stablecoin reserves.
Mentioned
Related Signal
Adjacent reporting
- Morgan Stanley launches stablecoin reserves fund aligned with GENIUS Act requirements
- Morgan Stanley launches Stablecoin Reserve Fund
- Morgan Stanley launches stablecoin offering through money market fund
- Western Union launches USDPT stablecoin issued by Anchorage on Solana
- Morgan Stanley Targets BlackRock With Money Market Fund for Stablecoin Issuers
- OpenTrade raises $17 million to connect stablecoins to real-world assets