ONDO Token Surges After 21Shares ETF Filing!

Hang onto your hats, crypto fans! ONDO, the heart-pumping token of Ondo Finance, is riding a wave of excitement after 21Shares dropped a bombshell ETF filing!

On July 22, 2025, 21Shares shook things up by submitting an S-1 registration to the SEC for the 21Shares Ondo Trust, a spot ETF that's all about holding ONDO and tracking its wild ride with the CME CF Ondo Finance-Dollar Reference Rate.

This trust isn't messing around – it's fully backed by ONDO tokens chilling in Coinbase Custody's vault, making it a legit physically-backed fund, just like their Bitcoin and Ethereum ETFs. No funny business here, folks! The filing says it's a straight-up passive investment vehicle, no leverage, no derivatives, no active trading, just pure ONDO action minus some fees and expenses.

The market went nuts over this news, sending ONDO skyrocketing into the green!

In the last 24 hours, ONDO has blasted off nearly 8%, jumping from a low of $1.02 to a high of $1.16, a mind-blowing 13.7% swing during the session, before settling down to trade at $1.12. Trading volume? Up 16% to a whopping $426 million, wiping out those earlier losses from the market pullback.

This week alone, ONDO has rocketed around 20%, cementing its month-long 65% climb. The ETF news and the hot interest in real-world asset (RWA) tokens are fueling this fire. With partnership deals and positive vibes across the ecosystem, ONDO was already on a tear, and this filing could keep the party going!

What's Next?

Hold tight, because the SEC review is the next big test, and it could take months. 21Shares needs to tackle issues like liquidity, market manipulation, and custody practices – the usual suspects for crypto ETFs. With a bunch of other altcoin ETFs in the mix, it might take a while.

But don't sweat it, the future looks bright! Ondo Finance is making moves, like snagging broker-dealer Oasis Pro and scoring strong venture backing. They're ahead of the curve compared to other RWA projects. If the ETF gets the green light, it could open the floodgates for big-time investors and institutional funds, bringing in new liquidity and potentially sending ONDO's price to the moon!

And check this out, the token's technicals are looking fierce.

ONDO's chart is screaming bullish, comfortably above its 20-, 50-, and 100-day EMAs. It's hanging tough near $1.11 after hitting a wall at $1.16.

The $1.05 level is the first line of defense, followed by the $0.95 zone, right in line with the rising 20-day EMA. On the flip side, if it can close above $1.16, it could blast off towards $1.25–$1.35.

With the RSI at 73.4, ONDO's in overbought territory, so a short-term chill might be on the cards, but the overall trend is still rock solid and pointing up!