REX-Osprey files for MOVE ETF

The Movement Network concurrently launched its public mainnet beta. The MOVE token has a fully diluted value of nearly $5 billion.

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. 

It is the latest example of a fund sponsor filing to list an ETF comprising an alternative cryptocurrency, or “altcoin.” 

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