iShares 0-3 Month Treasury Bond ETF

Parking cash while still earning a yield is the entire job of SGOV. The fund holds US Treasury bills maturing in three months or less, so it carries almost no interest-rate risk and its price barely moves, drifting up through the month and dropping when it pays out. BlackRock launched it in 2020, and it exploded in popularity once the Federal Reserve raised rates and short-term Treasuries began yielding around five percent. Investors treat it as a money-market alternative: a place to hold savings, an emergency fund or dry powder between trades, backed by the full faith of the US government and priced far more cheaply than most cash funds. Its yield rises and falls with the Fed's policy rate, so the payout shrinks quickly once the central bank starts cutting.

On MyRWA, SGOV trades tokenized across 7 on-chain venues - see the listings below.