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21Shares Ondo ETF Filing: ONDO Token Price Surge

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by Giorgi Kostiuk

10 hours ago

21Shares, a prominent crypto ETF issuer, has filed for an Ondo ETF, significantly affecting the value of the ONDO token.

21Shares Ondo ETF Filing

21Shares has submitted an application for the Ondo ETF, known as the '21Shares Ondo Trust.' This move may increase institutional interest in the ONDO protocol, providing a regulated investment vehicle.

Market Reaction and ONDO Growth

Following the ETF filing announcement, ONDO's price surged by 2.3%, and the market cap reached approximately $3.44 billion. These shifts indicate heightened investor interest in cryptocurrency.

Market Impact and Future of the Token

The Ondo ETF aims to provide transparent and protected access for investors by tracking ONDO/USD prices. This strategy aligns with 21Shares' reputation for innovation in crypto investment products.

Such an ETF filing is expected to drive liquidity into related DeFi sectors, potentially leading to increased interest in tokenized assets.

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