Ondo (ONDO) debuted an ascendant trajectory on July 22, after it was revealed that 21Shares had filed for an ONDO ETF with the US SEC.
The Ondo (ONDO) project aims to democratize access to institutional-grade financial services, operating via an ecosystem that bridges institutional finance with blockchain technology. Ondo Finance was founded in 2021 by former Goldman Sachs associates Nathan Allman and Pinku Suran, and it's focused on tokenizing RWAs like the US Treasury bonds and money market funds.
21Shares Filed for an ONDO ETF with the US SEC
According to official S-1 documents, 21Shares filed for an ONDO ETF with the US SEC on July 22. The latest move by 21Shares mirrors institutional interest in the digital asset.
21Shares, together with more companies, are awaiting the US SEC's approval for multiple crypto ETFs. The regulator has previously delayed these ETFs.
It's also worth noting that ONDO is part of the WLFI's Treasury. WLFI (World Liberty Financial) is the Trump family's crypto-related project. At the moment, WLFI has over 342,000 ONDO tokens worth over $379,000, according to official data from Arkham Intelligence.
ONDO price debuted a surge on July 22 following the ETF-related announcement.
ONDO Price Surged
At the moment of writing this article, ONDO is trading above $1.1, up by more than 6% in the past 24 hours. The digital asset has a market cap of over $3.47 billion.
On July 22, ONDO debuted a price surge that continued on July 23, and the digital asset's price rose by almost 5%, reaching $1.16 and a market cap of more than $3.67 billion before settling at current levels.
ONDO is one of the best RWA coins you can invest in 2025 for multiple reasons, including the institutional interest in the crypto project.
