💨 Abstract

Money market ETFs, like the recently launched Simplify Government Money Market ETF (SBIL), are gaining quick traction, with assets reaching $2.1 billion in a week. These ETFs, including iShares offerings like GMMF and PMMF, provide intraday trading and potentially lower fees compared to traditional money market mutual funds. They invest in short-term, high-quality debt for safety and liquidity but lack the stable $1 share price of mutual funds.

Courtesy: WTOP Staff