TechFlow reported on March 10, according to CoinDesk, that investment management firms Rex Shares and Osprey Funds have filed applications with the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) tracking the price performance of Movement Networks' token MOVE.
The proposed REX-Osprey MOVE ETF plans to allocate at least 80% of its assets to MOVE or related financial instruments, using a combination of direct holdings and derivatives.
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