The Company That Applied for the First ETF for TRUMP and DOGE Now Has Received an ETF Application for an Unexpected Altcoin!

While new applications continue to be made for Altcoin*** ETFs, an ETF application has been made for an unexpected altcoin.

Accordingly, investment management companies *Rex Shares and Osprey Funds Ethereum layer-2 network Movement (MOVE) have applied to list an ETF that tracks its price performance.

According to recent filing documents (SEC) to the U.S. Securities and Exchange Commission, the REX-Osprey MOVE ETF will invest at least 80% of its assets directly in MOVE or its related instruments, including stocks and derivatives.

Furthermore, the Movement Foundation stated that if approved, the ETF would be the first fund to gain exposure to Movement assets through traditional financial channels.

The Movement Foundation also stated that investors will be able to invest in MOVE through traditional brokerage accounts and retirement investment vehicles without having to deal with the technical complexity of directly managing MOVE tokens.

Rex Shares and Osprey Funds have previously applied for ETFs that offer exposure to memecoins such as TRUMP, BONK, and Dogecoin (DOGE).