Markets
Share this article

Rex Shares and Osprey Funds File for MOVE ETF

The proposed REX-Osprey MOVE ETF would invest at least 80% of its assets in MOVE or related instruments.

By Francisco Rodrigues|Edited by Parikshit Mishra
Mar 10, 2025, 1:11 p.m. 1 min read
Stock market price charts (Anne Nygård/Unsplash)

What to know:

  • The ETF would track the price performance of Movement (MOVE), an Ethereum layer-2 network built using MoveVM.
  • Rex Shares and Osprey Funds have previously filed ETFs with exposure to memecoins like TRUMP, BONK, and DOGE.

Investment managers Rex Shares and Osprey Funds have filed to list an exchange-traded fund (ETF) tracking the price performance of Movement Networks' MOVE.

The Ethereum layer-2 network's mainnet, which is built using MoveVM, is expected to launch on Monday.

The proposed REX-Osprey MOVE ETF would invest at least 80% of its assets in MOVE or related instruments, using a mix of direct holdings and derivatives, according to a recent filing with the U.S. Securities and Exchange Commission (SEC).

Rex Shares, an ETF issuer, has in the past filed to launch funds with crypto asset manager Osprey Funds, including offerings with exposure to memecoins like TRUMP, BONK, and DOGE.

The filings came after Donald Trump’s second administration started earlier this year, with the new President appointing SEC commissioner Mark Uyeda as acting SEC Chair. The regulator has since dropped a number of lawsuits and investigations into cryptocurrency firms, and has been showing a rather pro-crypto stance.

It’s unclear whether the REX-Osprey MOVE ETF, or any other ETF filed by the investment managers offering cryptocurrency exposure, will be approved by the regulator.

MOVE is up 5% in the last 24-hours, nearing 50 cents.

MoveETF

Sizin için daha fazlası

Bitcoin's wild days are over — and Trace Mayer says that's a good thing

Yazan James Van Straten, AI Boost|Editör Jamie Crawley
5 saat önce
Trace Mayer (Trace Mayer)

The creator of the Mayer Multiple argues bitcoin’s growing economic substance is compressing volatility and attracting deeper capital.

Bilinmesi gerekenler:

  • Bitcoin volatility has dropped from around 120 in 2017 to 35 as institutional participation and options markets add stability to the asset.
  • Mayer believes lower volatility makes bitcoin more investable for corporations, family offices, and institutional investors.
  • Despite long-term concerns around miner security incentives and quantum computing, Mayer remains bullish...
Haberin tamamını oku