REX-Osprey is pursuing approval for an exchange-traded fund (ETF) that will focus on the MOVE token, linked to the Movement Network.

The public mainnet beta launch for Movement coincides with the ETF filing, showcasing the MOVE token’s robust network interest, with a market value nearing 5 billion USD.

With the SEC yet to approve altcoin ETFs but permitting Bitcoin and Ether, interest in alternative cryptocurrencies continues to grow among asset managers.