Rex-Osprey files for MOVE ETF as Movement mainnet launches
Rex investment companies and Osprey stammering funds filed with Securities and Exchange US Commission to launch a Stock Exchange Fund according to the Move Network token price.
The proposed FNB would follow Move, a Ethereum (Ethn) Layer 2 built using Movevm. According to the depositETF Rex-Osprey Move aims to allocate at least 80% of its assets to move or related instruments.
Move (MOVE), launched on December 9, 2024, reached an entirely diluted peak of $ 14.5 billion, according to the file, and had a market capitalization of $ 930 million on March 4, 2025.
The fund can also use derivatives, including term contracts and exchanges, to obtain exposure to Move price performance. In addition, he can invest in other ETF Cryptoincluding non -American funds, and can allocate certain assets to Bitcoin (BTC) and ETHEREUM ETHEREMS based on market conditions.
The ETF would use a combination of direct participations and derivatives to obtain an exposure to the performance of Move prices.
Beta of labor
Movement network foundation also announced The launch of its beta version of the public with $ 250 million of total value locked from its abundance horn program. The launch allows the deployment of intelligent contract without authorization, the complete integration of users and the Ethereum regulations.
Developers and users can take advantage of MovevM’s safety and efficiency while accessing the network via the canonical movement bridge powered by Layerzero.
This launch is carried out in the hope of obtaining an evolutionary environment for developers who rely on Move.
Other Rex Sharing Deposits
Rex actions have previously collaborated With stammering funds on Crypto -based ETF deposits, including those related to even Trump (ASSET), Bonk (Flag), and DOGE (DOGE).
The last file occurs while the SEC, under the acting presidency Mark Uyeda, moved to a more friendly cryptographic position, abandoning several proceedings and surveys against digital asset companies.
The dry has not yet approved funds following more recent cryptographic assets like Move.
The move is currently negotiated nearly $ 0.50.
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