Catenaa, Thursday, March 20, 2025 – REX Shares and Osprey Funds have filed to launch a new exchange-traded fund (ETF) designed to track the performance of MOVE, a cryptocurrency launched in December 2024. The REX-Osprey MOVE ETF will invest at least 80% of its net assets in MOVE and related assets. If approved by regulators, the ETF is scheduled to go live on May 21, 2025.
The MOVE cryptocurrency, introduced by Movement Labs, has gained attention for its practical use cases and blockchain technology. The ETF provides institutional and retail investors an opportunity to gain exposure to MOVE without dealing with the complexities of cryptocurrency ownership, such as managing wallets and private keys.
The launch of the MOVE ETF is part of a broader trend of institutional interest in crypto-based investment products, following similar moves by major firms like BlackRock and Fidelity. REX and Osprey, both established players in the ETF market, aim to bridge the gap between traditional finance and the emerging digital asset sector.
Despite the filing, MOVE’s token price experienced a slight decline of 3.16% in the past 24 hours. This drop highlights the ongoing challenge of aligning traditional investment vehicles with the volatile nature of cryptocurrencies.
As the May launch date approaches, all eyes will be on the ETF’s potential to influence the broader cryptocurrency market and its ability to bring more stability to digital assets.
