21Shares has submitted an application to the U.S. Securities and Exchange Commission for the 21Shares Ondo Trust, designed to track the real-time value of the ONDO token. This initiative aligns with the increasing interest in decentralized finance (DeFi) offerings in regulated formats.
Growth of DeFi Interest in Ondo
Ondo Finance has emerged as a leader in tokenizing U.S. Treasuries and offering yield-bearing digital assets. As interest in compliant DeFi products rises, attention towards the ONDO token has intensified. Currently trading around $1.11, the token supports a growing ecosystem focused on real-world asset integration and secure yield strategies.
Structure and Accessibility of New ETF
The proposed ONDO fund, like its Bitcoin and Ethereum counterparts, avoids leverage and speculation. It offers a straightforward path for accredited investors to gain exposure to ONDO through traditional financial rails. 21Shares structured the product to allow for creation and redemption of shares either in-kind or in cash, making it accessible and scalable.
Potential and Impact of SEC Approval
With the launch of this ETF, 21Shares positions itself at the forefront of DeFi ETF innovation, signaling a new chapter for tokenized asset investing on Wall Street. Approval from the SEC could unlock broader interest in yield-focused crypto assets beyond Bitcoin and Ethereum.
The filing for an ETF tied to the ONDO token illustrates the growing interest in decentralized finance and investor pursuit of safer, compliant solutions in this space.
