Asset management firm 21Shares has submitted a Form S-1 registration statement to the U.S. Securities and Exchange Commission for a spot exchange-traded fund (ETF) tracking the cryptocurrency ONDO. The filing marks a strategic step by the company to introduce novel regulated investment vehicles providing exposure to digital assets.
The proposed ETF would enable traditional investors to gain ONDO market exposure without direct cryptocurrency ownership if approved, aligning with growing institutional demand for accessible crypto investment products. This move represents continued industry momentum toward integrating digital assets with conventional finance frameworks through SEC-reviewed offerings.
21Shares’ filing initiates the regulatory review process required before the product can trade on national securities exchanges, positioning the firm among a limited cohort pursuing cryptocurrency-based ETFs following recent Bitcoin and Ethereum fund approvals.