Interesting development! 👀 While the ProShares stablecoin readiness ETF launched with $17B, it looks like Circle is staying cautious with its reserves for now. Shows how even big players weigh risk before diving in. $USDC #CryptoInsights

ProShares has introduced a new exchange-traded fund (ETF) aimed at stablecoin readiness, which debuted with $17 billion in assets. According to NS3.AI, initial market speculation suggested that Circle might be significantly allocating its reserve assets into this ETF. However, data analysis reveals that Circle has not made substantial moves of its reserve holdings into the ProShares ETF.