Ondo Finance Surges 7% as 21Shares Files for Groundbreaking ETF Application
Ondo Finance (ONDO) is experiencing significant bullish momentum, trading at approximately $1.10 with a 7% gain over the past 24 hours
Quick overview
- Ondo Finance (ONDO) is currently trading at approximately $1.10, experiencing a 7% gain in the last 24 hours due to significant catalysts in RWA tokenization.
- The filing of a preliminary prospectus for the '21Shares Ondo Trust' could pave the way for an ERC-20-based spot ETF, enhancing institutional access to ONDO tokens.
- Binance US has listed ONDO, increasing retail accessibility and contributing to a bullish sentiment as the token's market cap has surged from $2 billion to over $3.5 billion.
- Analysts predict ONDO could target resistance levels between $1.60 and $2.00, supported by growing institutional adoption and a favorable market for tokenized real-world assets.
Ondo Finance (ONDO) is experiencing significant bullish momentum, trading at approximately $1.10 with a 7% gain over the past 24 hours, following two major catalysts that could reshape institutional access to real-world asset (RWA) tokenization. The price is currently around $1.10, up 7% in the last 24 hours. The main reason for this rise is that 21Shares filed a preliminary prospectus with the US Securities and Exchange Commission for the “21Shares Ondo Trust.” Analysts think this could be the first application for an ERC-20-based spot ETF.
The proposed ETF is a big step forward for the cryptocurrency industry since it would provide regular investors regulated access to ONDO tokens without them having to hold the cryptocurrency directly. The CME CF Ondo Finance-Dollar Reference Rate will be used to keep track of the fund’s performance, while Coinbase Custody Trust Company will be in charge of keeping the money safe. The ETF is set up as a passive investing vehicle, so it won’t use leverage, derivatives, or speculative trading tactics. Instead, it will only track the price movements of the underlying asset.
Binance US Listing Amplifies ONDO’s Retail Accessibility
Binance US has officially added ONDO on its platform, adding to the institutional interest created by the ETF registration. Trading between ONDO and USDT will start on July 23, 2025. This listing makes it more easier for American investors to buy and sell stocks without having to use international platforms or decentralized exchanges. The ETF application has drawn institutional interest, and major exchange listings have made it easier for regular investors to buy ONDO. This is a strong dual-catalyst scenario for the price to go up.
ONDO/USD Technical Analysis Reveals Strong Bullish Momentum
From a technical point of view, ONDO has strong bullish signs on several timeframes. The coin has gone up 64.7% in the last month, and its market cap has grown from about $2 billion to more than $3.5 billion. The daily price action reveals that ONDO rose from a low of $1.0583 to a high of $1.1642, a 10% increase during the day as good news came out.
The bullish thesis is backed up by important technical indications. After a bullish crossover, the MACD on the 3-hour chart shows green histograms, which means that buyers are gaining strength again. The Chaikin Money Flow also shows that more money has been coming in over the past week, which suggests that both institutions and individuals are confident in the token’s short-term future. The rise in 24-hour trading volume shows that people are still interested in this cryptocurrency that focuses on real-world assets.
Growing Institutional Adoption Drives Long-term Value
Ondo Finance’s strategic position in the tokenized real-world asset market continues to draw in big institutional partners. The platform has made some big partnerships, such when MasterCard chose Ondo Finance as its first RWA provider and Ripple used the blockchain to create OUSG on its XRPL. World Liberty Financial, the Trump family’s DeFi platform, has just $383,000 worth of ONDO tokens. This is hardly 0.2% of their $208 million portfolio.
According to RWA, the larger RWA tokenization market is also helping, with the value of onchain tokenized assets rising 58% this year to about $25 billion.xyz. Ethereum has a 55% market share of these assets, which are mostly private credit and US Treasuries. This puts ONDO in a good place in this fast-growing sector.
Ondo Finance Price Prediction: Targeting $1.60-$2.00 Resistance Levels
Based on the way things are going with the technology and the fundamentals, ONDO looks like it will keep going up. Bulls want prices to go beyond $1.60 in late January, which would be around 45% higher than where they are now. If this resistance is broken, it might lead to more gains toward the $2.00 level, which is a psychological level.
Investors should keep in mind, though, that ONDO is still 48% behind its all-time high of $2.14 in December, which means there is a lot of space for it to recover if market circumstances stay good. The increased interest in ETFs among institutions, easier access to exchanges, and the rise of RWA tokenization all provide for a strong underlying backdrop that could support continued price growth in the coming months.
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