Rex Shares Partners With Osprey Funds to Launch MOVE ETF

REX Shares and Osprey Funds have partnered to debut the MOVE Exchange Traded Fund (ETF). This proposed fund will track the market performance of the newly launched cryptocurrency while protecting investors from the potential risks involved. 

These investors will not need to worry about private keys, wallet handling, or the many other technical complexities accompanying crypto ownership.

Integrating TradFi Into DeFi 

This recent move from both entities underscores how Traditional Finance (TradFi) is gradually embracing and integrating with Decentralized Finance (DeFi), as in the case of DTX Exchange. Some traditional asset managers are exploring new investment opportunities,  especially in blockchain technology and Web3. 

This REX-Osprey MOVE ETF is designed to offer streamlined crypto exposure to willing investors without any traditional technical challenge. 

The fund plans to invest as much as 80% of its net assets, including any borrowings for investment purposes, in MOVE. Other assets that equally provide exposure to MOVE would also be invested in. 

According to an announcement on X, the REX-Osprey MOVE ETF will become effective from May 21, 2025, although this is still subject to approval by the United States Securities and Exchange Commission (SEC). 

Layer-2 Movement Labs Debut MOVE Token 

Movement Labs launched MOVE on December 9, 2024, providing crypto enthusiasts with a token that has practical use cases. Immediately after its debut, the token recorded a considerable rise in price level. 

Some observers attributed this action to the token’s fundamentals as the native currency of the Movement Layer-2 network. In three months, the cryptocurrency has garnered positive attention, and the talk about a MOVE ETF further touts its potential. 

With such an announcement, the market expects a rally in the price of the token, and the token has failed to disappoint observers. According to data from CoinMarketCap, MOVE is currently trading at $0.5248, corresponding with a 3.27% price increase within the last 24 hours.

Rex, Osprey Funds, and the US ETF Market 

Before now, Rex and Osprey had been in the ETF niche. In January, they collaborated to offer XRP, SOL, DOGE, BTC, ETH, and TRUMP ETFs. They have equally partnered on other projects in the past. 

Meanwhile, the crypto ETF market is showing some bear signals amidst improved United States regulation. Ethereum ETFs have registered a massive drop in demand while their price refuses to retest support levels. Some analysts have pointed to ETH’s price performance as a likely reason for investors’ shift in interest.