Coinbase announced that it has made a strategic investment in the money market ETF 'IQMM (ProShares' GENIUS Money Market ETF)' offered by ProShares. The ETF is a customized product designed to align with the so-called 'GENIUS Act'. Specifically, it is characterized by its concentrated investment in ultra-short-term U.S. Treasury securities with a maturity of 93 days or less, as well as cash and cash equivalents.