Investment firms Rex Shares and Osprey Funds have filed with the U.S. Securities and Exchange Commission (SEC) to introduce an exchange-traded fund (ETF) tracking the price of Movement Network\u2019s MOVE token. The proposed REX-Osprey MOVE ETF aims to allocate at least 80% of its assets to MOVE or related instruments, according to the filing.<\/p>\n\n\n\n
MOVE, an Ethereum layer-2 network built using MoveVM, was launched on December 9, 2024. The token reached a peak fully diluted value of $14.5 billion and had a market cap of $930 million as of March 4, 2025. The ETF intends to provide exposure to MOVE\u2019s price movements using a mix of direct holdings and derivatives, such as futures and swaps. Additionally, it may invest in other crypto ETFs, including non-U.S. funds, and could allocate assets to Bitcoin and Ethereum ETFs depending on market conditions.<\/p>\n\n\n\n
The REX-Osprey MOVE ETF is expected to go live on May 21, 2025, pending regulatory approval.<\/p>\n\n\n\n
Alongside the ETF filing, the Movement Network Foundation has announced the launch of its Public Mainnet Beta, boasting $250 million in Total Value Locked from its Cornucopia program. This launch enables permissionless smart contract deployment, full user onboarding, and Ethereum settlement.<\/p>\n\n\n\n
MoveVM\u2019s framework is designed to provide a secure and efficient environment for developers, who can now leverage the canonical Movement bridge powered by LayerZero for network access.<\/p>\n\n\n\n
The latest ETF filing comes amid a shifting regulatory landscape. Under acting SEC Chair Mark Uyeda, the commission has dropped several lawsuits and investigations against digital asset firms, signaling a more favorable stance toward crypto-related financial products.<\/p>\n\n\n\n
Rex Shares and Osprey Funds have previously collaborated on filings for crypto-focused ETFs, including those tied to memecoins like TRUMP, BONK, and DOGE. However, the SEC has yet to approve any ETFs tracking newer crypto assets like MOVE.<\/p>\n\n\n\n
As of now, MOVE is trading near $0.50, and industry players are closely watching the SEC\u2019s decision, which could set a precedent for ETFs linked to emerging crypto projects.<\/p>\n","protected":false},"excerpt":{"rendered":"
Investment firms Rex Shares and Osprey Funds have filed with the U.S. Securities and Exchange Commission (SEC) to introduce an exchange-traded fund (ETF) tracking the price of Movement Network\u2019s MOVE token. The proposed REX-Osprey MOVE ETF aims to allocate at least 80% of its assets to MOVE or related instruments, according to the filing. MOVE…<\/p>\n","protected":false},"author":3,"featured_media":6538,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,70],"tags":[188,458,86,457],"class_list":["post-6531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-finance","tag-launch","tag-mainnet","tag-market","tag-rex"],"yoast_head":"\n