Movement Network Foundation Launches U.S. First ETF and Mainnet Beta Version

Movement Network Foundation Unveils U.S. First ETF and Mainnet Beta

On March 10, 2025, the Movement Network Foundation made a groundbreaking announcement regarding the future of blockchain technology. The organization has filed for the REX-Osprey ETF, which is set to be the first exchange-traded fund in the U.S. to provide exposure to the Movement ecosystem. If approved, this ETF will be a game-changer for investors looking to engage with innovative blockchain technologies through traditional financial channels.

Significant Milestone for Movement

The co-founder of Movement Labs, Rushi Manche, emphasized the historical significance of this moment, highlighting how breaking away from the traditional constraints of cryptocurrency-based ETFs could unlock institutional capital for emerging blockchain innovations. "This is not just a win for Movement; it’s a step forward for the entire Move ecosystem," he stated. This ETF aims to meet the growing demand from traditional investors who are eager to explore regulated exposures to cutting-edge blockchain technologies without the need to manage tokens directly.

Co-founder Cooper Scanlon echoed this sentiment, noting, "Investors are increasingly interested in engaging with emerging blockchain technologies while avoiding the complications of direct token management. This ETF heralds a new era where innovative financial products converge with state-of-the-art blockchain architecture."

The $MOVE Token and Its Investment Appeal

The ETF would provide investors with accessible exposure to the $MOVE token, which utilizes the Move programming language originally created by Meta. This allows Movement developers to create smart contracts that are both efficient and secure. Once the ETF gains approval, investors can engage with Movement through their brokerage accounts and retirement instruments, simplifying the investment process significantly.

Launch of Movement Public Mainnet Beta

In tandem with the ETF announcement, the Movement Network Foundation also launched the beta version of its Public Mainnet, boasting a Total Value Locked (TVL) of $250 million at launch from its Cornucopia program. This significant liquidity offers immediate utility to the network, enhancing its operational capabilities.

This beta version facilitates permissionless smart contract deployments, comprehensive user onboarding, and Ethereum settlements. It enables users and creators to reap the benefits of Move and MoveVM seamlessly. Access is facilitated through the canonical Movement bridge based on LayerZero, broadening the network’s user base and functionality.

For more information about the Movement Public Mainnet Beta, interested parties can explore `movementnetwork.xyz` or follow the Movement Network Foundation on social media.

About the Movement Network Foundation

The Movement Network Foundation is dedicated to fostering innovation and adoption of the MoveVM technology. The foundation oversees the development of the Movement Network, a next-generation solution built on MoveVM and Ethereum. Through initiatives like MoveDrop and other ecosystem programs, the foundation supports developers and projects in creating decentralized applications. To learn more, visit `movementfdn.xyz` or follow them on social media.

Media Contact

For further inquiries, contact Carmen Pearson, PR and Communications Lead at Movement Labs, via email at [email protected]

The launch of the REX-Osprey ETF and the beta version of the Public Mainnet marks a significant advancement in the blockchain space, poised to intrigue both seasoned investors and newcomers alike. As the landscape evolves, Movement Network Foundation stands at the forefront of innovation.