Coinbase Custody to Secure ONDO Token in 21Shares’ Spot ETF Filing as Price Surges 8%

The ONDO token, native to Ondo Finance, experienced a significant 8% price surge following 21Shares' filing for a physically-backed spot ETF with the SEC. The proposed 21Shares Ondo Trust will directly hold ONDO tokens through Coinbase Custody, tracking the CME CF Ondo Finance-Dollar Reference Rate. This institutional validation sparked a 13.7% intraday swing, with the token climbing 20% this week and 65% over the past month. The move highlights growing institutional interest in digital assets and the role of trusted custodians like Coinbase in facilitating mainstream adoption.

ONDO Token Surges 8% Following 21Shares' Spot ETF Filing

ONDO, the native token of Ondo Finance, rallied sharply after 21Shares filed for a physically-backed spot ETF with the SEC. The proposed 21Shares Ondo Trust will hold ONDO directly through Coinbase Custody, tracking the CME CF Ondo Finance-Dollar Reference Rate.

The token gained 8% in 24 hours, with an intraday swing of 13.7% as markets reacted to the institutional validation. ONDO has climbed 20% this week and 65% over the past month, demonstrating sustained bullish momentum.

21Shares' S-1 filing mirrors its spot Bitcoin and ethereum ETF structures, emphasizing passive exposure without leverage or derivatives. Market participants view this as a watershed moment for DeFi tokens gaining traditional market access.

21Shares Files Spot ONDO ETF, Is 30% Price Surge Coming Soon?

As crypto legislation gains momentum, investor focus is shifting from meme coins to tokenized real-world assets (RWAs). 21Shares has seized the moment by filing a preliminary application with the U.S. SEC for a spot ONDO ETF, marking a significant step in bridging decentralized finance with traditional markets.

The proposed '21Shares Ondo Trust' will track the real-time price of ONDO, the native token of Ondo Finance. The fund will hold ONDO tokens directly, using the CME CF Ondo Finance-Dollar Reference Rate for pricing. Coinbase will serve as custodian, with the trust structured as a passive investment vehicle offering institutional-grade exposure to DeFi without speculative risk.

Notably, World Liberty Financial, a DeFi platform linked to the TRUMP family, has already taken a position in ONDO. Nansen data reveals the platform acquired $250,000 worth of ONDO tokens in December, now valued at approximately $383,000.