On March 10, COINOTAG reported that REX-Osprey has initiated the process to launch the REX-Osprey MOVE ETF by submitting a Form N-1A registration statement to the U.S. Securities and Exchange Commission (SEC). This prospective ETF aims to strategically invest in the REX-Osprey MOVE Portfolio SP, a collection of assets designed to track and leverage market trends in the digital currency landscape. A subsidiary of MOVE has formalized an investment advisory agreement with a reputable advisor, tasked with overseeing the management of the subsidiary’s assets. In adherence to the fund’s investment mandate, under typical market conditions, it is expected that at least 80% of its net assets, inclusive of any borrowed funds leveraged for investment purposes, will be allocated to reference assets. This move signifies a growing recognition of cryptocurrency within the institutional investment community.
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