Investment managers Rex Shares and Osprey Funds have filed to launch an exchange-traded fund (ETF) tracking the performance of $MOVE, the token of the Ethereum layer-2 network. The proposed REX-Osprey MOVE ETF would invest at least 80% of its assets in MOVE or related instruments, according to a filing with the U.S. Securities and Exchange Commission (SEC). The filing comes at a time when the SEC, under the leadership of acting Chair Mark Uyeda appointed by President Donald Trump, has shown a more favorable stance towards cryptocurrencies. The Ethereum layer-2 network's mainnet, built using MoveVM, is expected to launch on Monday. MOVE has seen a 5% increase in the last 24 hours, nearing 50 cents. In addition to the MOVE ETF, Rex Shares has also announced the launch of the REX Bitcoin Corporate Treasury Convertible Bond ETF, $BMAX, which will hold convertible bonds linked to companies with Bitcoin in their corporate treasuries.