RX shares and OSPREY boxes submitted a request to recount the trading box tracking movement (ETF), the original code for the movement of the ETAREUM Layer 2.
The deposit comes at a time when the movement is preparing for a experimental version of Mainnet.
The proposed box will allocate 80 % of its net assets to transfer related symbols or derivatives through the subsidiary Rex -Spreytm Move, according to the bulletin on Monday.
The movement’s founder Rashi Manch described this deposit as a milestone for both the network and the ecosystem of the widest transport, adding that it can open the institutional capital of the emerging Blockchain innovations.
He added:
Breaking the mode of traded investment funds limited in cryptocurrency that has long opens its doors to institutional capital to support Blockchain innovation from the next generation. “
Like other recently proposed investment funds, the US Securities and Exchange Committee must first apply to apply first before moving to a decision on its approval.
Rex shares and Osprey funds have already submitted asset tracking funds including Bonk, Doge, TROMP, and official presidential mimin.
Under the leadership of the representation chair, Mark Oida, the Securities and Stock Exchange Commission showed signs of adopting a more absorbing position on the encryption industry, but it has not yet agreed to track encrypted currencies beyond Bitcoin and Ether.
If approved, the ETF will allow investors to be exposed to movement through traditional mediation accounts and retirement vehicles without the technical complications of the direct symbol management.
Launching the main movement
Movement is an experimental Blockchain designed using the MoveOS programming language, which was originally developed by Meta for its project that is now finished by Diem Stablecoin.
The Movement Network Foundation announced the launch of the Mainnet Beta on November 30, although the full publication followed this after about a week.
The team recently provided support for a remote (RPC) procedures for Testnet and Mainnet.
In the same press statement, Movement also announced this:
Movement Network Foundation has successfully launched its Mainnet Beta at $ 250 million in the total closed value (TVL). This liquidity today is one of the network provides an immediate benefit. “
The general Mainnet Beta movement will be supported by $ 250 million from the “Cornucopia” program in the network.
The launch allows the publication of the smart nodes without permission, a full user on the plane, and the ETHEREUM leveling.
Developers and users can take advantage of the security of movevm and efficiency, and reach the network through the ecclesiastical bridge supported by Layerzero.
The initiative aims to provide a developed environment for developers based on the move.
The movement’s team faced criticism of its political situation, as Mansh, who previously proposes politics, is now a major strategy in the market for encryption companies.
In January, the unimportant Devnet launched a scrutiny after Libeer Financial Startup bought Trump Finance DEFI at $ 2 million of distinctive symbols before reports that the movement conducted discussions with Doge Head Elton Musk with regard to the potential Blockchain integration. Manch denied the allegations of trading from the inside at the time.
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