Coinbase makes a quiet bet on ProShares stablecoin reserve ETF

Posted On June 2, 2026

Coinbase has invested in ProShares’ GENIUS Money Market ETF as stablecoin issuers prepare for stricter reserve rules under the GENIUS Act. BlockBeats reported on June 2 that Coinbase will invest in the ProShares fund, known by the ticker IQMM. The…