Investment firm Rex Share and Ooppere Funds have filed with the US Securities and Exchange Commission to launch exchange-traded funds that monitor the move tokens of the movement network.
The proposed ETF will track the move, an Ethereum (Eth) layer -2 network that is created using Movevm. As AdmissionThe Rex -Sprie Move ETF aims to allocate at least 80% of your assets or transfer related tools.
The move (move) launched on December 9, 2024, as per the filing, reached a completely thin price of $ 14.5 billion, and was a $ 930 million market cap by March 4, 2025.
The fund can also use derivatives including futures and swaps to achieve exposure for the price performance of the move. Additionally, it can invest in other crypto ETFs including non-US funds, and allocate some assets to bitcoin (BTC) and atherium ETF based on market conditions.
The ETF will use a combination of direct holdings and derivatives to achieve exposure for the price performance of the move.
Mennet beta
Agitation network foundation Also announced Inauguration of its public mannet beta with $ 250 million in total value locked from its corneukopia program. The launch allows permission -free smart contract perfection, complete user onboarding and atherium settlement.
Developers and users can avail the safety and efficiency of MoveVM by reaching the network through the Canonical Movement Bridge operated by Lairzero.
This launch is done in the hope of securing a scalable environment for the construction of developers.
Other rax share filing
Rex shares have collaborated with Operate Funds on filing for the first crypto-centric ETF, with a memecoin like Trump (Trump), Bonak (Bonak), and Dogi (Dogi).
The latest filing comes in the form of SEC, under the acting president Mark Uyda, leaving several cases and investigations against digital asset firms, has moved towards a more crypto-friendly attitude.
The SEC has so far approved to track new crypto assets to approve any funds.
The move is currently trading near $ 0.50.
