21Shares Files for ONDO ETF, Potentially Bridging Real-World Assets and DeFi in U.S. Markets

Key Points

1. The ETF will track the CME CF Ondo Finance-Dollar Reference Rate and is not registered under the Investment Company Act of 1940, reducing operational complexity.

2. Ondo Finance's acquisition of Oasis Pro and its $250 million tokenized asset initiative with Pantera Capital highlights its role in integrating DeFi with traditional finance.

3. Institutional players like World Liberty Financial have incorporated ONDO tokens into their decentralized finance treasuries, showing growing confidence in the token's utility.

4. Bloomberg ETF analyst James Seyffart confirmed the SEC filing, noting 21Shares' proactive regulatory engagement, which could set a precedent for future real-world asset-backed ETFs.

5. The ETF's passive tracking model aims to provide transparent and secure exposure to ONDO tokens, potentially fostering liquidity and market participation in tokenized assets.