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Title: 21Shares Files Spot ONDO ETF, Is 30% Price Surge Coming Soon?
The cryptocurrency market has been buzzing with excitement as 21Shares files a preliminary application with the U.S. SEC for a spot ONDO ETF. This groundbreaking move is expected to revolutionize the space by providing institutional-grade exposure to a decentralized finance (DeFi) token without speculative risk.
As the demand for real-world assets (RWAs) surges, it’s no surprise that this filing has sparked significant interest among investors and market enthusiasts alike. In fact, the ONDO price recently rose 2.3% to $1.12, with a market cap of $3.5 billion and 3.1 billion tokens in circulation.
Despite being down 48% from its all-time high in December, ONDO’s fundamentals remain strong. The asset’s current value is still attractive for long-term investors seeking exposure to the rapidly growing RWA sector.
Source: coinpedia.org
