REX SECTIONS, OSPREY FUNDS file to Move Etf

Investment managers Rex shares and Osprey funds have submitted to list a stock exchange fund (ETF) that tracks the award of movement networks.

The Ethereum Layer-2 network’s main network, built using Movevm, is expected to be launched on Monday.

The proposed Rex-OsPrey relocation ETF would invest at least 80% of its assets in moving or related instruments using a mixture of direct holdings and derivatives, according to a recent filing at the US Securities and Exchange Commission (SEC).

Rex shares, an ETF issuer, have previously filed launching funds for Crypto Asset Manager Osprey Funds, including offers with exposure to Memecoins such as Trump, Bonk and DOGE.

The archives came after Donald Trump’s second administration started earlier this year, with the new president appointing SEC Commissioner Mark Uyeda as acting SEC chairman. The regulator has since dropped a number of litigation and investigations of cryptocurrency companies and has shown a fairly pro-crrypto attitude.

It is unclear whether Rex-Osprey Move Etf or any other ETF filed by the investment leaders offering exposure to cryptocurrency will be approved by the regulator.

Moving is up 5% in the last 24 hours, approaching 50 cents.

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