Ondo Finance Spot ETF Filing Revealed — ONDO Surges Over 10% to 4-Month High

TradingKey

AuthorBlock Tao

Jul 23, 2025 2:47 AM

View all comments（0）



TradingKey – At around 5 a.m. on Wednesday, July 23, the price of ONDO, the native token of Ondo Finance, spiked more than 10%, rising from $1.05 to $1.16, its highest level since March 2025.

ONDO Price Chart – Source: CoinMarketCap

The surge was triggered by news that 21Shares, a leading crypto ETF issuer, has filed an S-1 application with the U.S. SEC to launch a spot ONDO ETF.

Founded in 2021 by former Goldman Sachs associates Nathan Allman and Pinku Suran, Ondo Finance specializes in tokenizing real-world assets (RWAs) such as U.S. Treasuries. Its flagship product, USDY, is already deployed across multiple blockchains including Solana (SOL), Sei (SEI), and Stellar (XLM).

Now, Ondo is expanding into equities:

Recently acquired Oasis Pro, a SEC-regulated broker
Developing Ondo Global Markets, a tokenized U.S. stock platform
Expected to launch this summer, with 100+ stocks on-chain initially, scaling to thousands by year-end

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

SoftBank Surges 12% as Earnings Beat Sparks Buying, With 26% Further Upside Seen

Both revenue and profit crushed expectations, sending SoftBank's shares surging 12%, with the stock poised for an additional gain of approximately 26%.

Today’s Market Recap: Oil Plunge Boosts US Stocks as Dow Surges 1,100 Points, Nasdaq Rises 2.74%; AMD Jumps Over 13%, Nvidia Falls Over 4%

TradingKey - On November 9, the three major U.S. stock indices rebounded strongly as a sharp drop in oil prices eased market concerns over inflation and geopolitical risks, with semiconductor stocks and the AI data center supply chain regaining investor favor.

Nasdaq Extends Gains by 2.7%, Philadelphia Semiconductor Index Reclaims 10,000; Tech Stocks Lead, SpaceX and Tesla Rise Over 5%, Nvidia Falls 4%

On Monday, November 9, Eastern Time, U.S. stocks rallied sharply as falling oil prices and an IFR report that Anthropic plans to launch its Nasdaq IPO public roadshow on Tuesday morning both bolstered market sentiment, with the three major indices continuing to recoup part of last week's losses. Tech stocks extended Friday's rebound, driving the Nasdaq to lead the gains.

CoreWeave Q3 Earnings Preview: Revenue Expected to Grow 159%, Debt and Financing Costs in Focus, Wall Street's Top Price Target at $278

TradingKey - CoreWeave (CRWV) will release its third-quarter 2026 financial results after the market close on November 10, Eastern Time, and host a conference call at 5:00 p.m. on the same day. As of the close on November 6, the company's shares were at $46.40.

The Week Ahead: October CPI and PPI Due as CoreWeave, Cisco and Applied Materials Report Earnings

TradingKey - During the week of November 9–13 Eastern Time, the U.S. October Consumer Price Index (CPI) and Producer Price Index (PPI) will be released, with inflation data once again becoming the focus of the U.S. stock market.

Featured Tools