REX Shares and Osprey Funds File to Launch MOVE ETF

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Tanzeel Akhtar

Journalist

Tanzeel Akhtar

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Tanzeel Akhtar has been covering the cryptocurrency and blockchain sector since 2015. She has written for the Wall Street Journal, Bloomberg, CoinDesk, Bitcoin Magazine and Bitcoin.com.

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Last updated: 

March 9, 2025

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REX Shares and Osprey Funds have filed to launch a new ETF on Monday that will track MOVE, the recently launched cryptocurrency.

According to the filing, the REX-Osprey MOVE ETF will invest at least 80% of its net assets (plus any borrowings for investment purposes) in MOVE and other assets that provide exposure to MOVE.

If approved, the REX-Osprey MOVE ETF, with the ticker symbol “MOVE,” is set to go live on May 21, 2025, pending regulatory clearance.

The ETF will track the performance of the MOVE cryptocurrency, which was introduced on December 9, 2024 by Movement Labs.

What Is MOVE?

MOVE has attracted attention due to its practical use cases and underlying blockchain technology.

With demand for crypto investment products rising, the ETF offers institutional and retail investors exposure to MOVE without requiring them to directly handle wallets, private keys, or other technical complexities of cryptocurrency ownership.

The application arrives as crypto-based funds gain popularity, particularly with major firms like BlackRock and Fidelity entering the market.

REX and Osprey’s Experience in ETF Market

REX Shares and Osprey Funds are both well-known in the ETF space, with a portfolio that includes products focused on emerging sectors, such as digital assets.

Adding the MOVE ETF to their offerings positions the firms at the intersection of traditional finance and digital assets.

For more details, the preliminary prospectus of the REX-Osprey MOVE ETF can be found in the SEC filing.

As the launch date approaches, investors are closely watching how this ETF might influence the cryptocurrency market.

MOVE Token Launched in December

The MOVE token went live December 9, quickly surging after listing.

According to Cryptonews writer Simon Chandler, the token’s fundamentals as the native currency of the Movement layer-two network currently make it one of the best crypto to buy at the moment.

Considering Movement’s potential as a promising layer-two solution, Chandler believes MOVE could soon experience renewed growth.

Despite news of the ETF filing, the MOVE token price declined by 3.16% in the past 24 hours.

The drop in MOVE token’s price reveals an interesting contradiction in the crypto industry—new financial products may generate investor interest, but they don’t always drive token prices higher.

This situation reflects the ongoing push and pull between traditional finance and the crypto market.

Will investment vehicles like the MOVE ETF contribute to greater market stability, or will cryptocurrencies continue to defy conventional trends, preserving their unpredictability?