21Shares Files With SEC for Spot ONDO ETF
Crypto asset manager 21Shares has filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission to launch a spot ETF based on ONDO, the native token of Ondo Finance. The proposed 21Shares Ondo Trust would directly hold ONDO tokens and track their performance using the CME CF Ondo Finance-Dollar Reference Rate, with Coinbase providing custody. This ETF aims to offer a regulated, passive way for investors to gain exposure to ONDO and the growing tokenized real-world assets market.
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