Rex Shares, Osprey Funds File MOVE ETF with SEC

March 10, 2025

Key Points:

Rex Shares and Osprey Funds jointly filed the MOVE ETF.
Filing aims to track MOVE performance before fees.
The ETF proposes exposure through a Cayman Islands subsidiary.

Rex Shares and Osprey Funds have submitted an N-1A form to the SEC, proposing a new MOVE ETF to track its performance.

The filing indicates a focus on investment in MOVE-related instruments, highlighting potential innovation in ETF offerings.

Rex Shares, Osprey Funds File MOVE ETF with SEC

Rex and Osprey Propose MOVE ETF to SEC

Rex Shares and Osprey Funds’ joint filing proposes a new ETF to the SEC. The N-1A form submitted is an initial step toward launching the MOVE ETF.

The proposed MOVE ETF aims to track the performance of MOVE before fees. This initiative illustrates continued innovation in cryptocurrency-backed financial products.

Notably, these products are filed under the 1940 Act (like crypto futures ETFs). They'll hold a combo of derivatives, the assets, and a cayman subsidiary which will hold the assets. This looks similar to a playbook issuers use in the commodity ETF world to avoid K-1's but idk. pic.twitter.com/rX5sbMeyjw
— James Seyffart (@JSeyff) January 21, 2025

Potential Market Shifts with MOVE ETF Launch

The launch of the MOVE ETF could introduce new market dynamics and affect other financial instruments. The impact on the cryptocurrency industry remains to be seen.

The filing reflects financial advancements in ETFs, potentially influencing investment strategies and future market behavior. “Innovation distinguishes between a leader and a follower.” – Steve Jobs

Past ETF Proposals and Future Implications

Similarly proposed ETFs by Rex and Osprey in the past aimed at cryptocurrencies like Bitcoin and Ethereum. This attempt aligns with their ongoing expansion strategies.

Expert analysis suggests the MOVE ETF could set a precedent, affecting future investment approaches in the growing cryptocurrency sector.

Toby Morgan

Blockchain Analyst

As a blockchain enthusiast with over a decade of experience in financial technology and crypto writing, I specialize in crafting engaging, educational content tailored to both beginners and seasoned investors. At Coincu.com, I am passionate about delivering insightful articles and advancing blockchain literacy within the global crypto community.