SGOV from iShares may become the first ETF in its class to reach $100 billion in assets.
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BlackRock filed for two tokenized money-market funds, while State Street debuted an onchain cash-management product.
Morgan Stanley expects further growth for the funds despite possible interest rate cuts.
The success of money market funds and their ETF counterparts has coincided with low interest rates and an uncertain macroeconomic environment.
The fund marks the latest example of issuers capitalizing on growing investor appetite for lower-risk options.
Texas Capital’s MMKT will look to capture inflows into the $6.4 trillion money market industry.