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Investment Managers File for MOVE ETFs Ahead of Mainnet Launch

As the blockchain only now moves into "mainnet beta," there are already ETF applications in the works.

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Investment managers Rex Shares and Osprey Funds have filed to list a MOVE ETF with the SEC, coinciding with Movement's mainnet launch preparation.

What’s the Scoop?

  • Historic Filing: This represents a historic step for Movement Movement as it marks one of the first ETFs tied to newer blockchain innovations, breaking away from traditional cryptocurrencies.
  • Investment Strategy: The fund plans to allocate 80% of its assets in MOVE tokens or derivatives through a specialized subsidiary.
  • Political Dynamics: The Movement team has faced criticism for its overt political strategies, aimed at leveraging the pro-crypto stance of the current U.S. administration.

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