ProShares has implemented a significant change by utilizing the $17 billion in cash positions of its own funds with IQMM for cash management purposes. This decision aligns with industry norms where providers like ProShares often park collateral and idle cash in low-risk money market funds to support their leveraged products. Analysts have noted that this shift demonstrates a strategy of internal treasury optimization, as ProShares’ funds now support each other rather than relying on external fund providers.
ProShares funds adopt IQMM for cash management, driving $17B inflow on launch
