ONDO Surges Past $1 After SEC Meeting and ETF Filing Fuels Institutional Demand
ONDO's price broke through the key $1 psychological barrier this week, now trading at $1.04 despite a slight 24-hour pullback. The rally follows two major regulatory milestones signaling institutional embrace of tokenized real-world assets.
Price momentum ignited after ONDO Finance's CEO met with SEC officials on July 24th, suggesting potential regulatory clarity for compliance frameworks - a critical hurdle for institutional adoption.
The upward trend gained further traction from 21Shares' July 22nd S-1 filing for an Ondo ETF, representing a pivotal step toward bringing tokenized assets to mainstream investors. Technical indicators remain bullish with RSI at 61.90 indicating additional upside potential.