The Rex-ASPrey Asset Manager seeks to launch a trading box (ETF) designed to hold the original code for the movement network, according to the announcement of March 10.
the presentation It comes in the case of movement, Blockchain Layer-2 (L2), which launches its experimental version, the general movement, the movement He said.
This is the latest example of an ETF insertion file that includes an alternative encrypted currency, or “altcoin”.
“The traditional investors have expressed their great interest in gaining the organized exposure to Blockchain’s emerging techniques without managing direct symbols,” Cooper Scanllon, co -founder of Movement Labs, said in a statement.
Movement is the Ethereum L2 Blockchain designed using Move, which is originally developed by the rust that was originally developed by Meta.
Public Mainnet has about $ 250 million in the total closed value (TVL), according to the movement.
The movement code has a fully reduced value of about $ 5 billion, According to To Coinmarketcap.
The US Securities and Exchange Committee authorized the designs of the investment funds circulating in Bitcoin (BTC) And the fragrance (Eth) To include in the United States in 2024, but no investment funds in Altcoin have not yet agreed.
“Breaking the style of traded investment funds packed on cryptocurrencies that have long opened its doors to institutional capital to support Blockchain innovation from the next generation,” Rashi Mansh, co -founder of Movement Labs.
Rex-ASPREY introduction to the ETF agreement. source: second
Related to: BitWise files to narrate Aptos ETF – 36 largest encrypted currency
Altcoin Atfs is many
Asset managers seek to obtain SEC approval to narrate the traded investment funds to retain the escalation of half a scale of different altcoins.
On March 5, BitWise Director It was presented to narrate the Aptos ETF spot In the United States – a symbol created by a team led by former Facebook staff (now Meta) in 2022.
On February 25, the US Securities exchange Nasdaq Request the list Investment funds circulating in traded investment funds bearing the original symbol of the Polkadot Network, Dot (a point).
Included investment funds in other Altcoin are awaiting approval for those who hold Litecoin (Ltc), Solana (Teller(Trump) fees (Trump), among others.
US President Donald Trump, who started his second term in January, said he wanted America to become a “world of encryption capital” and appointed supporters of Rabat in the main organizational agencies, including the Supreme Education Council.
Bloomberg Intelligence has developed the chances of approval of SEC to agree to EtFS Solana and Litecoin by 70 % and 90 %, respectively.
magazine: Lawyer Max Burwick Meet – “Hunting the ambulance from Crypto”
publish_date
