- The altcoin rose following 21Shares’ ETF filing with the SEC.
- The application signals growing institutional interest in RWA tokens.
- Binance US listed ONDO, fueling upward momentum.
The native coin of Ondo Finance is showing signs of imminent breakouts despite a broader market cooldown, driven by two major developments.
First, asset manager 21Shares filed with the U.S. Securities and Exchange Commission to launch an ONDO exchange-traded fund (ETF).
Second, Binance US confirmed the listing of the altcoin, with trading beginning today, July 23.
ONDO rose from a daily low of $1.0583 to $1.1642, a roughly 10% increase as the bullish news sparked buying momentum.
ONDO sits at the center of Ondo Finance’s mission to bring traditional assets on-chain.
With interest in real-world asset (RWA) platforms on the rise, moves by 21Shares and Binance US come at an opportune time for retail and institutional investors seeking exposure to Ondo.
The crypto has seen growing institutional appetite, with major players signaling interest in the RWA space.
Mastercard identified Ondo Finance as its first RWA provider, while other projects have used blockchains to launch tokenized offerings.
21Shares files to launch ONDO ETF
21Shares’ ETF filing increases institutional visibility for Ondo and underscores traditional finance’s interest in tokenization.
The SEC filing highlights the asset manager’s commitment to compliance and innovation in tokenized RWA and DeFi products.
This proposed ETF is more than another crypto product: it would give investors regulated exposure to ONDO via licensed platforms without relying on brokerage-only channels.
Ondo Finance remains a key participant in the current trend to on-chain real-world assets such as U.S. Treasuries, credit instruments, and corporate bonds.
Last week, Ondo Finance partnered with BNB Chain to introduce tokenized U.S. equities, further expanding its product footprint.
Binance US lists ONDO
Binance US, a leading cryptocurrency exchange in the United States, confirmed that Ondo Finance’s token is now listed and available on its platform.
Deposits opened yesterday on the Ethereum (ETH) network and ONDO/USDT trading began on July 23.
We are pleased to announce that ONDO is now listed on Binance.US. Deposits for ONDO on the Ethereum network are open. Trading on the ONDO/USDT pair begins July 23, 2025.
The listing is significant because it opens ONDO to a large U.S. retail audience.
Being listed on a major exchange often acts as a catalyst for increased liquidity and broader adoption.
More U.S. investors can now trade ONDO without relying on overseas platforms or decentralized exchanges.
ONDO price outlook
ONDO drew attention amid these bullish developments and is trading around $1.11 after a modest pullback from daily highs.
Rising 24-hour trading volume indicates renewed interest in the RWA token and suggests continued upward potential.
Technical indicators support a short-term momentum shift. For example, the 3-hour MACD shows green histogram bars after a bullish crossover, indicating buyer re-entry.
The Chaikin Money Flow also points to increased ONDO accumulation over the past week.
These trends suggest growing confidence in the token’s near-term performance.
Ondo Finance bulls are eyeing late-January resistance levels above $1.60. Clearing that area could pave the way toward the psychological $2.00 mark.
As always, investors should consider their risk tolerance and conduct their own research before making investment decisions.