- The altcoin has rallied following 21Shares’ ETF filing with the SEC.
- The application indicates increasing institutional interest in RWA tokens.
- Binance US has listed ONDO, fueling its upside momentum.
Ondo Finance’s native coin signals imminent breakouts despite the broad market cool down, fueled by two key developments.
First and foremost, asset manager 21Shares has filed with the US SEC to launch an ONDO exchange-traded fund (ETF).
Secondly, Binance US confirmed listing the altcoin, with trading starting today, July 23.
ONDO soared from the daily low of $1.0583 to $1.1642, a 10% increase, as the bullish news sparked bullish momentum.
ONDO is at the center of Ondo Finance’s goal of bringing traditional assets on-chain.
With interest in real-world asset (RWA) platforms skyrocketing, 21Shares and Binance US’ moves could not be better as retail and institutional investors seek Ondo exposure.
The crypto has witnessed a surge in institutional appetite, with giants like BlackRock showing interest.
MasterCard tapped Ondo Finance as its first RWA provider, while Ripple leveraged the blockchain to launch OUSG on its XRPL.
21Shares files to launch ONDO ETF
21Shares increases Ondo’s institutional appeal with the latest ETF application.
JUST IN: 21SHARES FILES FOR $ONDO ETF WITH U.S. SEC
— The Wolf Of All Streets (@scottmelker) July 22, 2025
The move confirms that traditional finance (TradiFi) is targeting the tokenization sector seriously.
Moreover, seeking SEC authorization underscores the asset manager’s commitment to compliance and innovation in the tokenized sector of RWAs and DeFi.
This is more than another cryptocurrency product.
Ondo Finance remains at the core of the current trend of bringing real-world assets like US Treasuries, credit instruments, and bonds on-chain.
Last week, Ondo Finance collaborated with BNB Chain to introduce tokenized equities in the United States.
21Shares’ proposed exchange-traded fund would offer cryptocurrency enthusiasts exposure to ONDO via licensed platforms, without brokerage sites.
Binance US lists ONDO
A leading crypto exchange in the United States, Binance US, confirmed listing Ondo Finance’s token on its trading platform.
It opened deposits on the Ethereum (ETH) blockchain yesterday, with ONDO/USDT…