21Shares has filed with the SEC for the first-ever ETF that will directly hold ONDO tokens. This event has sparked significant market interest and marks an important step in real asset tokenization.
The ONDO ETF: A Real-World Asset Pioneer
The ONDO ETF is not just another speculative cryptocurrency product; it serves as a vital link between traditional finance and blockchain innovation. 21Shares’ filing describes a passively managed fund without leverage or derivatives, with custodial services from Coinbase Custody and daily pricing based on CME CF benchmarks. Crypto expert MartyParty described the event on social media as 'the first ERC-20-based spot ETF application’, opening the door for new non-L1 coins to enter the ETF race.
Price Analysis: ETF Impact on ONDO
Following the filing, ONDO rose from just below $1.04 to a high of $1.12 before stabilizing. Trading volume increased by 16%, reaching a daily total of $426 million, the largest since mid-May. Technical indicators showed a dramatic bullish turn: the MACD turned green, and RSI levels approached 75, indicating increased buyer interest. According to the latest analysis, 'The ONDO ETF registration provides ONDO a strong breakthrough story.'
ONDO’s Real-World Expansion
The excitement around the ONDO ETF is fueled by Ondo Finance’s recent achievements. Earlier this year, the company purchased Oasis Pro, an SEC and FINRA-registered broker-dealer, reinforcing its position in the regulated DeFi market. Ondo has created a $250 million RWA fund in collaboration with Pantera Capital, focusing on tokenized treasuries and bonds. With over $25 billion in tokenized assets on the blockchain, ONDO is swiftly becoming a poster child for RWA implementation.
The ONDO ETF is more than just another financial instrument; it’s a strong declaration that the real asset revolution has arrived. Regardless of whether the SEC accepts the fund, the filing represents a new chapter in crypto credibility, showing that the next frontier in cryptocurrency isn't just digital; it's real.
