Movement Network Launches Mainnet Beta: Osprey and Rex File for MOVE ETF Amid New Wave of Investment

On March 11, 2025, Movement Network, a Layer 2 solution on Ethereum, officially entered the public Mainnet Beta phase, marking an important milestone in the project's development journey. At the same time, two famous asset management funds, Osprey Funds and Rex Shares, quickly filed with the US Securities and Exchange Commission (SEC) for approval of an ETF tracking the price of the MOVE token - the native asset of this network. This dual event is attracting great attention from the cryptocurrency community and traditional investors.

Movement Network, built on the MoveVM programming language originally developed by Meta, aims to provide a highly secure, efficient Layer 2 platform for decentralized applications (dApps) on Ethereum. The recently launched Mainnet Beta has recorded an impressive $250 million in total value locked (TVL) on day one, thanks to the Cornucopia program – a unique liquidity distribution initiative of the project. Users can now transfer assets such as MOVE, USDT, USDC, wBTC, and wETH onto the network through the bridge mechanism provided by LayerZero, opening up great potential for developers and investors.

Along with this technical advancement, the move by Osprey Funds and Rex Shares has added to the heat of the event. The MOVE ETF application was filed on March 10, just before the Mainnet Beta officially launched, showing the two funds’ acumen in seizing opportunities from next-generation blockchain projects. If approved by the SEC, this ETF will allow traditional investors to access MOVE tokens through regular brokerage accounts without directly managing cryptocurrency wallets – a move that is considered a bridge between traditional finance and the crypto market.

However, not everything has been smooth sailing. The MOVE ETF filing comes as the SEC remains cautious about cryptocurrency ETFs beyond Bitcoin and Ethereum. Osprey and Rex have previously filed ETF applications for assets such as DOGE, BONK, and TRUMP, but none have been approved. Some experts predict that the MOVE ETF review process could be lengthy, especially since Movement is still a relatively new project compared to the industry's "big guys."

On the community side, the initial reaction has been positive. On social network X, many users have expressed optimism about MOVE's upside potential, with some posts noting a 6-12% gain for the token in the past 24 hours, despite the overall bearish trend in the cryptocurrency market. One investor commented: "Mainnet launch and ETF filing are strong signals. MOVE could be the dark horse of 2025 if the SEC gives it the green light." However, there are also cautious opinions, saying that the project needs to prove its stability and scalability before attracting large inflows from institutions.

Beyond the financial aspect, Movement’s Mainnet Beta is also of technical significance. With MoveVM, the network promises to deliver faster and more secure smart contract processing than other Layer 2 solutions. It’s also the first time a Move-based chain has officially connected to Ethereum, opening the door for developers to explore the language’s potential after Meta’s Diem project disbanded.

This event is not only a turning point for Movement Network, but also reflects a growing trend: investment funds are looking to exploit the value of potential altcoins, while next-generation blockchain projects continue to accelerate their development. Whether the MOVE ETF will be approved and Movement will be able to capitalize on this growth remains to be seen, but it is certainly one of the most interesting developments in the cryptocurrency market in early 2025.