- Ondo ETF filing by 21Shares aims to offer regulated access to ONDO, the core token of Ondo Finance.
- The move reflects rising institutional interest in tokenized real-world assets and yield-focused DeFi investments.
21Shares has filed for the first-ever spot ETF tied to Ondo (ONDO), marking a major milestone in decentralized finance (DeFi) investment offerings. The ETF, officially named the 21Shares Ondo Trust, was submitted to the U.S. Securities and Exchange Commission (SEC) and aims to provide regulated access to ONDO—a token at the center of Ondo Finance’s growing real-world asset (RWA) ecosystem.
Why Ondo Matters in the DeFi Space
Ondo Finance has become a standout in the DeFi sector for its unique approach to tokenizing U.S. Treasuries and offering compliant, yield-bearing digital assets. The ONDO token, currently trading near $1.11, has seen increased institutional attention due to its focus on secure returns and integration with traditional finance. As demand rises for compliant exposure to yield-generating crypto products, ONDO is emerging as a leading candidate for ETF-based access.
ETF Structure Mirrors Bitcoin and Ethereum Success
Following the successful format of existing spot Bitcoin and Ethereum ETFs, the 21Shares Ondo Trust will avoid leverage or speculation. Instead, it aims to track ONDO’s real-time value through the CME CF Ondo Finance-Dollar Reference Rate. Investors will be able to create or redeem shares either in-kind or in cash, providing flexibility and scalability. Coinbase Custody has been appointed to safeguard the ONDO holdings, reinforcing the fund’s institutional-grade design.
A New Era for Crypto ETFs Begins
If approved, this ETF could signal a major shift in how Wall Street views yield-focused DeFi tokens. While Bitcoin and Ethereum dominate headlines, ONDO’s utility in tokenized real-world assets makes it an ideal candidate for the next wave of institutional crypto investment. By bridging DeFi innovation with regulated financial products, 21Shares is setting the stage for broader adoption of tokenized assets beyond the usual suspects.
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