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ONDO Holds Steady at $0.93 Amid ETF Filing and SEC Developments
ONDO Holds Steady at $0.93 Amid ETF Filing and SEC Developments
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ONDO News -
ONDO is currently trading at $0.93, showing a 2.53% daily increase, while technical indicators point to a consolidation phase with its RSI at a neutral 47.90. The price movement reflects a cautious market reaction to key regulatory milestones, including 21Shares' submission for a spot ONDO ETF with the SEC—a significant step forward for real-world asset tokenization.
Ondo Finance's strategic initiatives, such as acquiring SEC-registered broker-dealer Oasis Pro and launching the $250 million Catalyst Initiative with backing from Pantera Capital, highlight its focus on institutional adoption. Despite brief spikes above $1 driven by regulatory optimism, the market remains balanced, weighing technical signals against strong fundamentals.
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