Advertisment
First Motion ETF Submitting Will Present U.S. Traders with Publicity to Motion Ecosystem
GRAND CAYMAN, Cayman Islands, March 10, 2025 /PRNewswire/ — The Movement Network Foundation, the group devoted to advancing MoveVM know-how, as we speak introduced that REX-Osprey has filed for a brand new exchange-traded fund (ETF) centered on $MOVE. If accepted, this ETF could be the primary offering publicity to Motion by way of conventional monetary rails. Concurrently, the Basis introduced the profitable launch of Motion Public Mainnet Beta, with $250M in at-launch Whole Worth Locked (TVL) from its Cornucopia program.
“This submitting represents a historic second not only for Motion, however for the complete Transfer panorama,” mentioned Rushi Manche, Co-Founding father of Motion Labs. “Breaking the sample of ETFs restricted to long-established cryptocurrencies opens doorways for institutional capital to help next-generation blockchain innovation.”
“Conventional buyers have expressed eager curiosity in gaining regulated publicity to rising blockchain applied sciences with out immediately managing tokens,” famous Cooper Scanlon, Co-Founding father of Motion Labs. “This ETF represents the convergence of revolutionary monetary merchandise with cutting-edge blockchain structure.”
ETF Gives Conventional Market Entry to $MOVE
The Transfer programming language, initially developed by Meta, empowers Motion builders to create extra environment friendly, safer sensible contracts. If accepted, the ETF would permit buyers to realize publicity to Motion by way of conventional brokerage accounts and retirement autos with out the technical complexities of direct token administration.
Public Mainnet Beta Launches with Substantial Liquidity
Concurrent with the ETF submitting announcement, Movement Network Foundation has efficiently launched its Public Mainnet Beta with $250M in Whole Worth Locked (TVL). Today-one liquidity gives the community with speedy utility.
The Public Mainnet Beta allows permissionless sensible contract deployment, full person onboarding, and Ethereum settlement. It offers customers and builders the total advantages of Transfer and the MoveVM. Customers can entry the community by way of the canonical Motion bridge powered by LayerZero.
For extra details about Motion Public Mainnet Beta, customers can go to movementnetwork.xyz or observe @movementlabsxyz, @movementfdn, @moveecosystem @Move_Collective on Twitter.
About Motion Community Basis
Movement Network Foundation is the driving power behind the Motion ecosystem, devoted to fostering innovation and advancing the adoption of MoveVM know-how. The inspiration oversees the event of Motion Community, a next-gen answer constructed utilizing MoveVM that settles to Ethereum. By its MoveDrop program and ecosystem initiatives, the inspiration helps builders, initiatives, and neighborhood contributors constructing decentralized functions. Customers can study extra at movementfdn.xyz or observe @movementfdn on X.
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Carmen Pearson
Head of PR & Communications
Motion Labs
