A New ETF Sparks Interest in ONDO Altcoin
Main Idea
21Shares has filed an S-1 application with the SEC for a spot ETF indexed to the altcoin Ondo, which focuses on tokenizing real-world assets, amid growing interest in altcoin-based financial products.
Key Points
1. 21Shares submitted an S-1 application to the SEC for a spot ONDO ETF, joining a queue of altcoin-based products under review.
2. Ondo Finance, founded by ex-Goldman Sachs employees, specializes in tokenizing real-world assets and recently acquired a U.S.-licensed brokerage, Oasis Pro.
3. Ondo Finance partnered with Pantera on a $250 million investment plan for real-world assets, boosting the project's legitimacy.
4. Bloomberg analysts estimate a 90% chance of spot ETF approvals for XRP, Dogecoin, and Cardano by year-end, signaling a potentially more flexible regulatory environment.
5. Following the ETF application, ONDO's price surged to $1.17, with a 4.53% increase in the last 24 hours.
Description
21Shares filed for a spot ETF indexed to the altcoin Ondo. The ONDO ETF offers a distinct feature with its tokenization focus. Continue Reading: A New ETF Sparks Interest in ONDO Altcoin The post A New ETF Sparks Interest in ONDO Altcoin appeared first on COINTURK NEWS .
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