Rex Shares and Osprey Funds File for MOVE ETF

Rex Shares and Osprey Funds have filed for an exchange-traded fund (ETF) that will track the price of Movement Networks’ MOVE cryptocurrency. The ETF aims to invest at least 80% of its assets in MOVE and related instruments including derivatives. This initiative follows a series of pro-crypto moves by the SEC under the new administration. Despite the recent positive market performance of MOVE, it remains uncertain if the ETF will gain regulatory approval.