21Shares Files Spot ONDO ETF, Is 30% Price Surge Coming Soon?
Main Idea
21Shares has filed a preliminary application with the U.S. SEC for a spot ONDO ETF, aiming to bridge DeFi with traditional finance by tracking the price of ONDO, the native token of Ondo Finance.
Key Points
1. 21Shares submitted a proposal for the '21Shares Ondo Trust', a spot ETF designed to track the real-time price of ONDO, holding ONDO tokens directly and following the CME CF Ondo Finance-Dollar Reference Rate for pricing.
2. World Liberty Financial, a DeFi platform, acquired $250,000 worth of ONDO tokens in December, holding 342,000 ONDO, though this is a small portion (0.2%) of their $208 million portfolio.
3. Ondo Finance acquired Oasis Pro, an SEC-registered broker-dealer, to enhance its ability to issue and manage tokenized securities, a key part of its strategy.
4. The value of tokenized real-world assets on-chain has surged 58% in 2025, reaching nearly $25 billion, with Ethereum dominating the market share at 55%.
5. Following the ETF news, ONDO's price rose 2.3% to $1.12, though it remains down 48% from its all-time high of $2.14 in December, with key technical resistance at $1.15.
Description
The post 21Shares Files Spot ONDO ETF, Is 30% Price Surge Coming Soon? appeared first on Coinpedia Fintech News As crypto legislation gains momentum, investor focus is shifting from meme coins to tokenized real-world assets (RWAs). Seizing the moment, 21Shares has filed a preliminary application with the U.S. SEC for a spot ONDO ETF, signaling a major step in bridging DeFi with traditional finance. 21Shares Files for Spot ONDO ETF: Here’s What It Means On Tuesday, 21Shares submitted its proposal...
Latest News
- Playing for the Planet: My Lovely Planet Gets Historic Recognition as the First Web3 Game on Google’s #WeArePlay2025-07-24 17:46:17
- Top Bitcoin Casinos for Truly Anonymous Play in 20252025-07-24 17:24:13
- Top Altcoins To Buy Today As Crypto Market Cools Before Next Bull Run2025-07-24 16:02:56
- Altcoins To Buy Now During The Crypto Market Crash2025-07-24 15:31:54
- Bitcoin Price in Danger Zone! What Happens If Whales Sell?2025-07-24 14:29:25