Why ONDO ETF Could Turn the Market Upside Down – Wodehouse Would Approve!

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Hold onto your Bowler hats, chaps! Word’s out that 21Shares is tiptoeing—no, storming—with a big idea: a spot ETF for ONDO, the token that’s causing more fuss than a cat in a dog show.

Apparently, they’ve gone gallivanting off to the grand old SEC, clutching plans for this “21Shares Ondo Trust” — a product that aims to be among the first to actually hold a DeFi-native asset tied to the mysterious art of RWA tokenization (think: real-world assets with a side of blockchain sass). Quite the jolly prospect, if you ask me.

Alert the crumpet! $ONDO is shaping up as the next institutional darling — don’t say you weren’t warned.

BlackRock, the big cheese, didn’t march arm-in-arm with $XRP and $ONDO by accident — they have eagle eyes on what’s buzzing behind the curtain. 👀

21Shares ETF filing? That’s a bride and groom’s announcement—floodgates are about to burst open. 🚀

Better move quick, smart money! Before the mere mortals catch wind and start dabbling. — Jeff Cook 🪐 (@jeffiscooking) July 22, 2025

Cracking the Filing Nut

According to the preliminary blueprint (the prospectus, as it’s sweetly called), this ETF will mirror the spot price of ONDO, using something with the poetic name CME CF Ondo Finance-Dollar Reference Rate. Fancy, huh?

Handling the money will be Coinbase, the digital fortress, while the ETF promises to be as passive as a Sunday snooze—no leverage, no gambling, just straightforward tracking.

Shares will be redeemable in cash or in-kind—just like the Bitcoin ETFs of yore, only with more flair and a dash of blockchain magic.

All About ONDO

ONDO, the utility token of Ondo Chain, is a bit of a busy bee—focused on turning real stuff like US Treasurys and private credit into tokens. The kind of thing that keeps the financiers awake at night.

Out of a total of 10 billion, 3.1 billion are fluttering about in circulation, with a market cap hovering around $3.41 billion. Not quite a household name, but give it a moment and it might well be.

Price? About $1.08 — but don’t get too comfy; it’s nearly halved from its December high of $2.14. Those rollercoaster rides are the best, aren’t they?

Firms Backing the Horse: Highly Respectable, One Assumes

The Trump family’s darling, World Liberty Financial, holds a humble 342,000 ONDO tokens, purchased for a snappy $250,000 back in December, now worth around $383,000. A tidy sum, but just whispering in an enormous crypto choir (0.2% of their $208M crypto collection).

Oh, and Ondo Finance? They’ve gone and acquired SEC-registered Oasis Pro—yes, one of those snappy broker-dealers—making them more than just digital dabbler-uppers. They’re ready to handle tokenized securities at a moment’s notice.

USDY: The Global Globetrotter

Meanwhile, the charming USDY—an essentially stable, US dollar-yielding token—has sashayed into Solana-based trading, bringing the dollar to eager traders in 173 countries, all via Visa, Apple Pay, and good old bank transfers.

Turn your stablecoins into dollar-yield dynamite! Today, @AlchemyPay is opening the doors to USDY, offering a passport into Ondo’s US Treasuries—no passport control needed. 🇺🇸 🚪

And voilà, 173 nations can now dance with dollar yields using local currency and familiar payment dances. Well done, chaps!

— Ondo Finance (@OndoFinance) July 22, 2025

USDY is a wholesome blend—stability wrapped in liquidity, kind of like a financial smoothie that generates yield 24/7, and on Solana, it’s spry as a squirrel on a sugar rush.

Price, Price, Baby: What’s Next for ONDO?

The daily chart shows ONDO slipping back a snappy 5.39% from recent highs—like a well-trained dog that’s just been told off. Near the top Bollinger Band at about $1.15, it’s showing signs of a breather or maybe a little slide down.

RSI? At 68.15, flirting with overbought territory, suggesting maybe it’s time to take a moment and let the excitement settle. MACD lines are not quite as lively as before—more of a gentle tap on the shoulder.

ONDO Price Chart—like a rollercoaster with a brain of its own! (Source: TradingView)

Resistance? Around $1.15, with a potential sneak peek up to $1.30 if the stars align — perhaps the next rocket to the moon before everyone’s tea gets cold.

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2025-07-23 17:19