#USA #Movement Network #Grand Cayman #REX-Osprey #ETF Movement

REX-Osprey™ ETF Filing Brings New Opportunities

The Movement Network Foundation recently made an exciting announcement regarding the future of investment in blockchain technology. REX-Osprey™ Funds has submitted an application to create the first-ever Exchange-Traded Fund (ETF) focused on the Movement ecosystem, known for its innovative MoveVM technology. This filing not only marks a significant milestone for the Movement project but also opens avenues for institutional investment in next-generation blockchain tech.

A Groundbreaking Initiative

The co-founder of Movement Labs, Rushi Manche, expressed optimism about the filing, stating that it is a historic event not just for Movement but for the entire blockchain landscape. This ETF breaks the traditional mold that has typically limited ETFs to well-established cryptocurrencies. By doing so, it aims to attract institutional capital to support blockchain innovation. In a similar vein, Cooper Scanlon, another co-founder, pointed out that traditional investors are eager to engage with emerging blockchain technologies in a regulated manner without the hassle of direct token management.

The proposed ETF would allow investors to gain exposure to the Movement ecosystem through conventional financial channels. This includes traditional brokerage accounts and retirement vehicles, simplifying the complexity typically associated with handling cryptocurrencies.

The Launch of Movement Public Mainnet Beta

In tandem with the ETF filing, the Movement Network Foundation has successfully initiated its Public Mainnet Beta. This launch has already seen a remarkable total value locked (TVL) of $250 million, indicating strong liquidity from the outset.

The Public Mainnet Beta embodies several essential features including permissionless smart contract deployment, comprehensive user onboarding, and Ethereum settlement integration. Participants stand to benefit from all functionalities offered by Move and MoveVM, further enhancing the platform's attractiveness.

Moreover, the network can be accessed through the Canonical Movement Bridge, which is powered by LayerZero, thereby enabling seamless transactions across different blockchain platforms. Users and developers alike can leverage the potential of this cutting-edge foundation for diverse applications without encountering technical roadblocks.

This latest development evidences the Movement Network Foundation's unwavering commitment to nurturing the MoveVM ecosystem. Through innovative initiatives such as MoveDrop and community-focused programs, the foundation supports developers and projects working to create decentralized applications.

Looking Ahead

As the ETF application is processed and the mainnet enters further stages of operation, it is clear that the Movement ecosystem is on the cusp of a significant evolution. With potential for growth within the realms of both investment and technological development, all eyes will be on how this pioneering ETF shapes the landscape of blockchain investment.

For more updates regarding the Movement Public Mainnet Beta and other developments, interested parties can visit movementnetwork.xyz or follow the foundation on Twitter at @movementlabsxyz, @movementfdn, @moveecosystem, and @Move_Collective.

About Movement Network Foundation

The Movement Network Foundation is at the forefront of the Movement ecosystem, dedicated to fostering innovation and advocating for the adoption of MoveVM technology. The foundation oversees the development of the Movement Network, a state-of-the-art solution built on MoveVM and integrated with Ethereum. By spearheading initiatives aimed at empowering developers and community contributors, the foundation strives to elevate decentralized application creation into new, innovative territories. For more details, visit movementfdn.xyz or follow @movementfdn on Twitter.