21Shares Files for ONDO ETF with SEC, Bridging Crypto and Traditional Finance
21Shares has taken a decisive step toward merging digital assets with conventional markets by submitting an S-1 application for an ONDO exchange-traded fund to the U.S. Securities and Exchange Commission. The move signals growing institutional confidence in cryptocurrency-based financial products.
The proposed ETF would trade on traditional exchanges, offering investors exposure to ONDO without direct crypto ownership. This filing follows a wave of similar applications as asset managers race to capitalize on surging demand for regulated digital asset vehicles.