Funding Supervisor Rex Inventory and Osprey Funds filed to listing funds (ETFs) traded on exchanges that monitor the worth efficiency of cell networks.
The mainnet of the Ethereum Layer-2 community, constructed utilizing MoveVM, is scheduled to be launched on Monday.
The proposed Rex-Sosprey Transfer ETF makes use of a mixture of direct holdings and derivatives to take a position at the least 80% of its belongings within the switch or associated gear, in accordance with a current Securities and Trade Fee (SEC).
ETF writer Rex Shares has beforehand submitted funding with the Crypto Asset Supervisor Osprey Funds, together with choices with publicity to Memecoin resembling Trump, Bonk, and Doge.
The appliance comes after Donald Trump's second administration started earlier this 12 months. The brand new president has appointed SEC Commissioner Mark Ueda as appearing chairman. Regulators have since dropped many lawsuits and investigations regarding cryptocurrency firms, displaying a somewhat custody stance.
It’s unclear whether or not Rex-Soprey Transfer ETFs, or every other ETFs submitted by funding managers that present cryptocurrency exposures, will probably be authorized by regulators.
Journey has risen 5% over the previous 24 hours, approaching 50 cents.
