The post REX-Osprey Files for MOVE ETF Amid Movement Network’s Mainnet Launch Possibilities appeared on BitcoinEthereumNews.com.

The Movement Network has made headlines by launching its public mainnet beta alongside its MOVE token, which boasts a valuation nearing $5 billion. In a significant move for cryptocurrency accessibility, REX-Osprey is filing to create an ETF that will encompass the innovative MOVE token, reflecting growing institutional interest. “Traditional investors have expressed keen interest in gaining regulated exposure to emerging blockchain technologies without directly managing tokens,” stated Cooper Scanlon, co-founder of Movement Labs. Discover how the Movement Network’s recent mainnet beta and MOVE ETF filing signal a new era for altcoin investments and institutional interest. Movement Network’s Public Mainnet Beta Launches with MOVE Token ETF Filing The launch of Movement Network’s public mainnet beta marks a pivotal transition for altcoins, as the network’s native token, MOVE, is positioned for greater institutional involvement. This new development also comes with a filing from asset manager REX-Osprey, aiming to create an ETF focused on the MOVE token. This initiative reflects an increasing trend among traditional investors, as highlighted by the co-founder of Movement Labs, Cooper Scanlon, who noted the demand for regulated exposure to blockchain technologies. The MOVE token now has a fully diluted market value of around $5 billion, suggesting robust investor confidence in its potential. the Growing Interest in Alternative Crypto ETFs Movement is not alone in its endeavor. Asset managers are actively seeking the U.S. Securities and Exchange Commission (SEC) approval to list several ETFs that would hold altcoins. Recent filings, such as Bitwise’s proposal for an Aptos ETF and Nasdaq’s request for a Grayscale ETF to hold Polkadot’s DOT, indicate a burgeoning interest in diversifying crypto-based investment vehicles. As institutional interest grows, the future of altcoin ETFs looks promising. Bloomberg Intelligence has suggested a 70% chance of approval for Solana and a staggering 90% for Litecoin ETFs, suggesting increasing…

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Filed under: News - @ March 10, 2025 7:25 pm