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Investment managers Rex Shares and Osprey Funds have submitted an application to launch an exchange-traded fund (ETF) based on Movement, the Ethereum Layer 2 network token. The filing makes it the first ETF associated with the recently decentralized blockchain.
Asset manager REX-Osprey is seeking to launch an exchange-traded fund (ETF) designed to hold the Movement Network's native token, MOVE, according to a March 10 announcement. The filing comes as Movement, a layer-2 (L2) blockchain network, launches its public mainnet beta, Movement said.
Despite the wider crypto market decline, Movement Network's MOVE has surged over 6% today and 14% in a week.
The crypto market faced a challenging week, but the new week brings hope for recovery. Whether this rebound stems from broader market trends or individual network developments remains uncertain.
Rex Shares and Osprey Funds have filed an application to list an exchange-traded fund (ETF) tracking MOVE, the native token of the Ethereum Layer 2 network Movement. The filing comes as Movement prepares for a beta release of its mainnet.
REX Shares and Osprey Funds are expanding their ETF lineup with a new MOVE ETF, offering streamlined exposure to MOVE without the complexities of direct crypto ownership. The filing arrives as interest in crypto-based ETFs continues to grow, positioning MOVE within the evolving investment landscape. The post REX Shares and Osprey Funds File to Launch MOVE ETF appeared first on Cryptonews.
The announcement comes as Movement prepares to launch its mainnet in beta, the latest release for the politically active team.
Investment firms Rex Shares and Osprey Funds have filed with the U.S. Securities and Exchange Commission to launch an exchange-traded fund tracking the price of Movement Network's MOVE token.
The proposed REX-Osprey MOVE ETF would invest at least 80% of its assets in MOVE or related instruments.
MOVE's upside potential remains uncertain due to selling pressure.
MOVE's movement on the chart remains uncertain, but will this change soon?
Movement (MOVE) coin is gaining momentum, testing a key resistance at $0.52. Will it break out and surge toward $0.60, or face a pullback?
Movement (MOVE) reached its all-time high of $1.45 on December 10, 2024, rising in tandem with the market as bulls dictated pace. However, with top coins slumping to multi-month lows in recent weeks, MOVE bucked the trend to hit an all-time low of $0.37.
Last week's broader market downturn sent many altcoins tumbling, and Movement's native token MOVE was no exception. On Tuesday, the token plunged to an all-time low (ATL) as selling pressure intensified.
After a brief pullback, the crypto markets gain back momentum as the selling pressure over the tokens reduces. While the top altcoins like ETH, SOL, LTC, etc.
The crypto market experienced a sharp decline over the last 24 hours, with Bitcoin dipping below $87,000 at its lowest point. While some altcoins managed to hold steady, others faced significant drawdowns, reaching new all-time lows and extending investor losses.
A briefly posted then deleted podcast episode featuring crypto influencers discussing the failed HAWK token launch sparked controversy over its release terms and coincided with unexpected price movements in the nearly worthless meme coin.
TRON and Movement Labs assert $TRX and $MOVE holdings were acquired via standard market transactions. WLFI holds significant assets, including Ethereum, USDC, Chainlink, AAVE, TRON, and Uniswap.
TRON's TRX is the second largest holding in World Liberty Financial's wallet.
Representatives from TRON and MOVE, two of the protocols whose tokens are being held by the treasury of World Liberty Financial (WLFI), have come out to deny they entered a token swap agreement with the Trump-linked DeFI project. Blockworks first reported that World Liberty Financial has been offering blockchain teams a token swap deal.
A report alleges that projects were pitched on a $10 million - $15 million buy-in on the Trump-backed project.
The MOVE token has seen a significant 16% surge in price following a major investment from World Liberty Financial (WLF), signaling growing institutional interest in the token. WLF's acquisition of 2.398 million MOVE tokens for $1.88 million underscores confidence in the token's long-term potential.
Alchemy Pay has integrated the MOVE token from Movement Network onto its fiat on-ramp solution.
After a recent market crash triggered by the Chinese AI model Deepseek, the crypto market is slowly recovering as Bitcoin price is back to $105K with the overall crypto market seeing a rise of 2%.
