- REX-Osprey’s MOVE ETF offers institutional access to Movement Network’s $250M TVL.
- MOVE ETF provides traditional investors exposure to Ethereum-based blockchain tech.
- Movement Network’s mainnet beta launch boosts liquidity, enabling decentralized apps.
Asset management firm REX-Osprey submitted a request to the U.S. Securities and Exchange Commission (SEC) on March 10 for an ETF that tracks Movement Network’s MOVE token. The proposed ETF gives investors access to Ethereum layer-2 network investments utilizing its MoveVM architecture. Movement Network successfully launched its public mainnet beta while filing this proposal which represents a major advancement for the blockchain platform.
The proposed ETF will dedicate 80% or more of its investments to purchasing MOVE tokens or related instruments using a combination of direct holdings and derivatives. Approving the MOVE ETF would establish an investment solution through which traditional investors could access blockchain technology without managing tokens directly. The new financial product demonstrates a rising demand from institutional investors toward regulated asset classes of blockchain technology and altcoins.
Movement Network’s Mainnet Beta Launch
The public mainnet beta of Movement Network went official when the ETF filing appeared. The network enters a new phase to introduce major capabilities that enable full user onboarding and Ethereum settlement. At launch, the Movement network boasts a total value-locked figure of about $250 million, demonstrating robust platform interest.
Through MoveVM technology, Movement Network is working to establish an advanced platform for the secure deployment of smart contracts. The Move programming language enables developers to implement versatile and scalable decentralized applications (dApps) through the platform Meta originally created. The upcoming mainnet beta launch will make the network more useful for developer adoption and user utilization.
ETF Filings and Regulatory Landscape
The SEC regulatory process for altcoin ETFs is a major pattern in which asset management firms like REX-Osprey seek approval for their MOVE ETF. Additionally Bitwise and other asset managers have sought SEC approval to introduce spot ETFs that cover Aptos and Polkadot tokens. However, the SEC has not authorized any altcoin ETFs since granting its first approval for Bitcoin and Ether ETFs in 2024.
The approval of the MOVE ETF represents a key development that enlarges the digital asset options accessible to institutional investors. These new altcoin ETFs may receive approval from the SEC since the regulator has recently displayed more positive cryptocurrency attitudes. Despite regulatory uncertainty the submissions demonstrate a fundamental movement toward combining blockchain technology with traditional financial marketplace operations.