Summary:

Ondo Mania: 21Shares Files Groundbreaking Spot ETF, Igniting Institutional Buzz! The crypto world is abuzz following 21Shares’ submission of a Form S-1 registration statement to the US SEC for the 21Shares Ondo Trust. This proposed Exchange-Traded Fund (ETF) aims to track ONDO, the native token of Ondo Finance, a leading decentralized finance (DeFi) platform focused on tokenizing real-world assets (RWA). Filed on July 22, 2025, this marks a significant milestone for the ONDO ecosystem. Structured as a passive investment vehicle, the ETF will hold ONDO tokens, utilize Coinbase Custody, and track prices via the CME CF Ondo Finance-Dollar Reference Rate. Designed purely to mirror ONDO’s performance without leverage or derivatives, it offers a straightforward, accessible entry point for investors. Analysts are ecstatic, touting this as potentially the first ERC-20-based Spot ETF application. This could open doors for numerous non-Layer 1 blockchain assets, with experts like Jeff Cook foreseeing a "massive influx of institutional capital" into ONDO. "Smart money" is reportedly positioning early to capitalize on this burgeoning opportunity before broader retail adoption. This filing reflects a larger trend, as 21Shares is also pushing for other altcoin ETFs (Polkadot, XRP, Sui, Solana), adding to the SEC's growing list. Amidst this regulatory push, ONDO has demonstrated remarkable strength, appreciating an impressive 64.7% over the past month, with its market capitalization soaring past $3.5 billion. The 21Shares Ondo Trust ETF is poised to amplify this momentum, solidifying ONDO as a prime candidate for the next institutional darling in crypto.