3 hours ago
Investment managers Rex Shares and Osprey Funds person filed to database an exchange-traded money (ETF) tracking the terms show of Movement Networks' MOVE.
The Ethereum layer-2 network's mainnet, which is built utilizing MoveVM, is expected to motorboat connected Monday.
The projected REX-Osprey MOVE ETF would put astatine slightest 80% of its assets successful MOVE oregon related instruments, utilizing a premix of nonstop holdings and derivatives, according to a caller filing with the U.S. Securities and Exchange Commission (SEC).
Rex Shares, an ETF issuer, has successful the past filed to motorboat funds with crypto plus manager Osprey Funds, including offerings with vulnerability to memecoins similar TRUMP, BONK, and DOGE.
The filings came aft Donald Trump’s 2nd medication started earlier this year, with the caller President appointing SEC commissioner Mark Uyeda arsenic acting SEC Chair. The regulator has since dropped a fig of lawsuits and investigations into cryptocurrency firms, and has been showing a alternatively pro-crypto stance.
It’s unclear whether the REX-Osprey MOVE ETF, oregon immoderate different ETF filed by the concern managers offering cryptocurrency exposure, volition beryllium approved by the regulator.
MOVE is up 5% successful the past 24-hours, nearing 50 cents.
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