CryptoBullishThe Block · 1d ago7/10
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Coinbase investing into stablecoin reserves ETF issued by ProShares
Coinbase has invested in ProShares' GENIUS Money Market ETF, a stablecoin reserves fund that has accumulated $22 billion in assets under management since its 2024 launch. This move signals institutional confidence in regulated stablecoin infrastructure and highlights the growing integration of cryptocurrency platforms with traditional financial products.
