Coinbase invests in ProShares GENIUS Money Market ETF, Nate Geraci notes

Coinbase invests in ProShares GENIUS Money Market ETF, Nate Geraci notes
Coinbase invests in ProShares GENIUS ETF

Nate Geraci reports that Coinbase has invested in the ProShares GENIUS Money Market ETF, also known as IQMM. IQMM launched in February and already has $22 billion in assets. According to comments highlighted in the tweet, Coinbase is building infrastructure for stablecoin adoption, including distribution, payments, developer tools, and reserve infrastructure.

Nate Geraci has recently commented on other areas of fund management. He noted that active managers critical of SpaceX’s inclusion in indexes are still likely to purchase the stock, as detailed here. In a separate update, Geraci pointed to a Barrons cover story spotlighting chip sector leaders and ongoing market bubble concerns.

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