- Altcoin rose after 21Shares filed for an ETF with the SEC.
- The filing highlights growing institutional interest in RWA tokens.
- Binance US listed ONDO, accelerating the upside momentum.
Ondo Finance’s native token is signaling an imminent breakout despite a broadly cooling market, driven by two major developments.
First, asset manager 21Shares filed with the U.S. SEC to launch an ONDO exchange-traded fund (ETF).
Second, Binance US confirmed it would list the altcoin and began trading on July 23.
ONDO jumped roughly 10%, rising from the daily low of $1.0583 to $1.1642 as bullish headlines spurred buying pressure.
ONDO sits at the heart of Ondo Finance’s mission to bring traditional assets on-chain.
With interest in real-world asset (RWA) platforms increasing, both retail and institutional investors are seeking exposure to Ondo, and the moves by 21Shares and Binance US could not be timelier.
Institutional appetite for crypto is clearly accelerating, with major players such as BlackRock showing interest in tokenization initiatives.
Major firms are integrating with RWA-focused projects: Mastercard has adopted Ondo Finance as an RWA provider, and Ripple has used blockchain to launch OUSG on the XRPL.
21Shares Files for ONDO ETF
21Shares’ recent ETF filing strengthens Ondo’s appeal to institutional investors.
This step shows that traditional finance (TradFi) is taking the tokenization sector seriously. Seeking SEC approval underscores asset managers’ commitment to compliance and innovation in the tokenized RWA and DeFi space.
This is more than just another crypto product. Ondo Finance remains central to the trend of bringing US Treasuries, credit products, and bonds on-chain.
Last week, Ondo partnered with BNB Chain to introduce tokenized equities in the U.S.
The ETF proposed by 21Shares would give crypto investors regulated exposure to ONDO through an approved platform, without requiring direct custody of securities.
Binance US Lists ONDO
Binance US, a major U.S.-based crypto exchange, confirmed it would list Ondo Finance’s token on its trading platform.
Deposits on the Ethereum (ETH) network were opened yesterday, and ONDO/USDT trading began today.
ONDO is now listed on Binance.US! Deposits of ONDO on the Ethereum network have opened. Trading for ONDO/USDT will begin on July 23 at 4:00 AM / 7:00 AM (EDT).
This listing is significant because it makes ONDO readily available to a large U.S. retail audience. Listings on major exchanges often act as launchpads for wider token adoption.
More U.S. residents can now trade ONDO without relying on overseas platforms or decentralized exchanges.
ONDO Price Outlook
Ondo Finance’s native token has drawn attention amid these optimistic developments.
After a brief pullback from the daily high, ONDO traded near $1.11 at the time of reporting.
A sharp increase in 24-hour trading volume highlights renewed interest in RWA tokens and suggests a continuation of the upward trend.
Technical indicators support a change in short-term momentum. For example, the 3-hour MACD shows a bullish crossover with a green histogram, indicating buyer resurgence.
Chaikin Money Flow also points to increased accumulation of ONDO last week.
These signals suggest growing confidence in the token’s near-term performance.
Ondo Finance’s bullish scenario targets prior January levels above $1.60. Clearing that zone could pave the way toward the psychological $2.00 level.