ONDO, the native token of the decentralized finance protocol Ondo Finance, is getting fresh enthusiasm after a new ETF filing put it in the spotlight.
Summary
- ONDO jumped 8% after 21Shares filed for a spot ONDO ETF with the SEC, triggering heavy trading and a 13% intraday swing.
- The 21Shares Ondo Trust will hold ONDO directly, using Coinbase Custody and tracking the CME CF Ondo Finance-Dollar Reference Rate.
- ONDO is up 20% this week and 65% in the past month, with the ETF filing adding fresh momentum to its bullish trend.
On July 22, 2025, 21Shares submitted an S-1 registration with the U.S. Securities and Exchange Commission (SEC) for the 21Shares Ondo Trust, a spot ETF designed to hold ONDO (ONDO) and track its price using the CME CF Ondo Finance-Dollar Reference Rate.
The trust will be fully backed by ONDO tokens held by Coinbase Custody, making it a physically-backed fund similar to the issuer’s spot Bitcoin and Ethereum ETFs. According to the filing, the proposed fund will operate as a passive investment vehicle, with no leverage, derivatives, or active trading, simply mirroring the token’s performance minus fees and expenses.
Market response to the news was swift, lifting ONDO sharply into the green.
ETF news sparks 13% intraday spike
ONDO has surged nearly 8% over the past 24 hours, climbing from an intraday low of $1.02 to a high of $1.16, a 13.7% swing during the session, before settling to trade at its current $1.12. Trading volume rose 16% to $426 million, erasing earlier losses from the broader market pullback.
So far this week, ONDO has surged around 20%, locking in its month-long 65% climb fueled both by the ETF news and a broader wave of interest in real-world asset (RWA) tokens. Partnership deals and positive developments across the ecosystem have already put the token on a strong upward path, and the latest filing could extend that momentum.
What’s Next?
The SEC review is the next major hurdle and could take months. 21Shares will need to address issues like liquidity, market manipulation, and custody practices, all standard points of scrutiny for crypto ETFs. With several other altcoin ETFs already under review, the process could take longer than usual.
Still, the outlook is positive. Ondo Finance’s recent moves, including the acquisition of broker-dealer Oasis Pro and strong venture backing, give it an edge over less established RWA projects. If approved, the ETF could open the door to large-scale investors and institutional funds, driving new liquidity and potentially lifting ONDO’s price.
On the technical side, the native token is showing strength.
Technical analysis of ONDO
ONDO’s chart remains bullish, trading comfortably above its 20-, 50-, and 100-day EMAs. The token is holding near $1.11 after hitting resistance at $1.16.
The $1.05 level is the first area of support, followed by the $0.95 zone aligned with the rising 20-day EMA. On the upside, a decisive close above $1.16 could open a run toward $1.25–$1.35.
With the RSI at 73.4, ONDO is in overbought territory, suggesting a short-term cooldown is possible, but the overall trend pattern remains firmly positive.
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