Asset management firm 21Shares has taken a significant step towards launching a new exchange-traded fund (ETF) by filing a Form S-1 registration statement with the U.S. Securities and Exchange Commission for a proposed ONDO ETF.
The S-1 filing represents concrete progress in the development of a novel investment vehicle directly tied to the ONDO cryptocurrency asset. Such filings are a regulatory prerequisite before such a fund can be offered to investors.
A successful ETF launch would aim to provide accessible exposure to the ONDO asset for traditional market participants through the familiar structure of a regulated stock exchange product. This move signals continued institutional interest in broadening the range of crypto assets readily available within conventional investment frameworks.
The filing underscores a strategic effort by 21Shares to expand its suite of crypto-related financial products and cater to evolving investor demand for regulated access points into the digital asset ecosystem.