The first ETF filing from Movement allows US investors to engage in the Movement ecosystem. Movement Network Foundation, dedicated to promoting MoveVM technology, announced that REX-Osprey has applied for a new ETF focused on $MOVE. If approved, this ETF would be the first to enable investment in Movement through traditional financial channels. The Foundation also announced the successful launch of Movement Public Mainnet Beta, with $250 million in Total Value Locked from their Cornucopia Program.
“This filing marks a historic moment – not just for Movement, but for the entire Move landscape,” said Rushi Manche, Co-founder of Movement Labs. “Breaking the pattern of ETFs limited to established cryptocurrencies opens doors for institutional capital to support next-generation blockchain innovations.”
“Traditional investors have shown great interest in regulated participation in emerging blockchain technologies without directly managing tokens,” said Cooper Scanlon, Co-founder of Movement Labs. “This ETF represents the convergence of innovative financial products with state-of-the-art blockchain architecture.”
The Move programming language, originally developed by Meta, enables Movement developers to create more efficient and secure smart contracts. If approved, investors could engage in Movement through the ETF via traditional brokerage accounts and retirement instruments, without the technical complexity of direct token management.
Simultaneously with the ETF filing announcement, Movement Network Foundation successfully launched its public Mainnet Beta with $250 million in Total Value Locked. This immediate liquidity benefits the network.
The Public Mainnet Beta allows permissionless deployment of smart contracts, complete user onboarding, and settlement with Ethereum. It provides users and developers with the full benefits of Move and MoveVM. Users can access the network through the canonical Movement Bridge from LayerZero.
For more information on Movement Public Mainnet Beta, visit movementnetwork.xyz or follow @movementlabsxyz, @movementfdn, @moveecosystem, @Move_Collective on Twitter.
Information on Movement Network Foundation: Movement Network Foundation is the driving force behind the Movement ecosystem, advocating for innovation and the spread of MoveVM technology. The Foundation oversees the development of Movement Network, a next-generation solution based on MoveVM and settling through Ethereum. Through its MoveDrop program and ecosystem initiatives, the Foundation supports developers, projects, and community contributors developing decentralized applications. For more information, visit movementfdn.xyz or follow @movementfdn on X.
MEDIA CONTACT
Carmen Pearson
Head of PR and Communications
Movement Labs
[email protected]
Logo – https://mma.prnewswire.com/media/2575812/Movement_Network_Foundation.jpg
