A New ETF Sparks Interest in ONDO Altcoin

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.