REX-Osprey filed for the first-ever exchange-traded fund for $MOVE on March 10, 2025. If approved, the ETF would provide U.S. investors with exposure to the Movement ecosystem through traditional financial channels.
The timing of the ETF coincides with the successful launch of Movement’s Public Mainnet Beta. Through its Cornucopia program, the public mainnet beta has already secured an impressive $250 million in Total Value Locked (TVL).
Move Technology Milestone and RexOsprey’s Growing ETF Portfolio
The approval of the ETF would allow investors to access $MOVE through traditional brokerage accounts and retirement vehicles without struggling with the technical complexities of direct token management.
Moreover, the ETF would add to RexOsprey’s expanding portfolio of cryptocurrency ETF applications from recent months.
For example, January 2025 has been particularly busy for the fund manager with several filings for cryptocurrency ETFs. There have been filings for Bitcoin, Ethereum, Solana, XRP, and popular meme coins like $BONK and $DOGE.
Additionally, the company drew attention for filing for a $TRUMP ETF, centered around President Trump’s official token on the Solana blockchain.
If the Movement ETF is approved, it could mark an important milestone in using traditional financial products to provide exposure to a next-generation blockchain platform built on Move technology.
Technical Analysis and Price Action
MOVE/TETHER price action (Source: TradingView)
MOVE is currently trading at $0.0034 with a market cap of approximately $1.16 billion. The RSI of 52.57 indicates a trend toward strengthening bullish momentum with potential for an upward trend.
Additionally, the MACD below the signal line indicates a contrary bearish signal and downward momentum. This signal would typically suggest a chance to sell current assets or avoid new acquisitions.
However, the contradicting RSI and MACD suggest a potential transition period in the market. These circumstances may require traders to exercise prudence and conduct additional research before making a decision.
For instance, price action, volume, or other technical indicators could provide insightful information to help make better-informed trading decisions.
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