{"id":124780,"date":"2025-03-10T17:32:31","date_gmt":"2025-03-10T17:32:31","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=124780"},"modified":"2025-03-10T17:32:31","modified_gmt":"2025-03-10T17:32:31","slug":"rex-osprey-files-for-move-etf","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=124780","title":{"rendered":"REX-Osprey files for MOVE ETF"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsAsset manager REX-Osprey is seeking to launch an exchange-traded fund (ETF) designed to hold the Movement Network\u2019s native token, MOVE, according to a March 10 announcement.\u00a0<br \/>\nThe filing comes as Movement, a layer-2 (L2) blockchain network, launches its public mainnet beta, Movement said.\u00a0<br \/>\nIt is the latest example of a fund sponsor filing to list an ETF comprising an alternative cryptocurrency, or \u201caltcoin.\u201d\u00a0<br \/>\n\u201cTraditional investors have expressed keen interest in gaining regulated exposure to emerging blockchain technologies without directly managing tokens,\u201d Cooper Scanlon, Movement Labs\u2019 co-founder, said in a statement.\u00a0<br \/>\nMovement is an Ethereum L2 blockchain designed using Move, a Rust-based programming language originally developed by Meta.\u00a0<br \/>\nIts public mainnet has approximately $250 million in total value locked (TVL), according to Movement.\u00a0<br \/>\nThe MOVE token has a fully diluted value of around $5 billion, according to CoinMarketCap.<br \/>\nThe US Securities and Exchange Commission authorized ETFs holding Bitcoin (BTC) and Ether (ETH) to list in the US in 2024 but has not yet approved any altcoin ETFs.\u00a0<br \/>\n\u201cBreaking the pattern of ETFs limited to long-established cryptocurrencies opens doors for institutional capital to support next-generation blockchain innovation,\u201d Rushi Manche, Movement Labs\u2019 co-founder, said in a statement.\u00a0<br \/>\nREX-Osprey has filed for a MOVE ETF. Source: SECRelated: Bitwise files to list a spot Aptos ETF \u2014 the 36th largest cryptocurrency<br \/>\nAltcoin ETFs abound<br \/>\nAsset managers are seeking the SEC\u2019s approval to list ETFs for holding upward of half a dozen different altcoins.<br \/>\nOn March 5, asset manager Bitwise filed to list a spot Aptos ETF in the US \u2014 a token created by a team led by two former Facebook (now Meta) employees in 2022.<br \/>\nOn Feb. 25, US securities exchange Nasdaq requested to list a Grayscale ETF holding the Polkadot network\u2019s native token, DOT (DOT).\u00a0<br \/>\nOther altcoin ETFs awaiting approval include those holding Litecoin (LTC), Solana (SOL) and Official Trump (TRUMP), among others.\u00a0<br \/>\nUS President Donald Trump, who started his second term in January, said he wants America to become the \u201cworld\u2019s crypto capital\u201d and has appointed pro-crypto leaders to key regulatory agencies, including the SEC.<br \/>\nBloomberg Intelligence has set the odds of the SEC approving Solana and Litecoin ETFs at 70% and 90%, respectively.\u00a0<br \/>\nMagazine: Meet lawyer Max Burwick \u2014 \u2018The ambulance chaser of crypto\u2019<a href=\"https:\/\/cointelegraph.com\/news\/rex-osprey-files-for-move-etf?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsAsset manager REX-Osprey is seeking to launch an exchange-traded fund (ETF) designed to hold the Movement Network\u2019s native token, MOVE, according to a March 10 announcement.\u00a0 The filing&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/124780"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=124780"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/124780\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=124780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=124780"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=124780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}