Crypto ETFs: 21Shares Files for ONDO ETF With Listing On Nasdaq

Key Insights

• Crypto ETFs return as 21Shares files for an ONDO ETF with a listing on NASDAQ.
• On the hourly chart, Ondo price action traded in a bull flag after a sharp V-shaped turn that rallied over 12% in 24 hours.
• A popular analyst named ONDO among top key RWA projects to watch.

The market is weak, but crypto exposure to traditional finance does not cease. Crypto ETF filings to the US Securities and Exchange Commission (SEC) have been hitting the markets this week. The markets, in turn, have responded with slight rallies.

Ondo Finance (ONDO) was one of the crypto projects worth a look. The hype surrounding its filing partially drove its rally.

Crypto ETFs: 21Shares File for ONDO ETF

As per news from the SEC archives, 21Shares filed for a spot in the ONDO ETF as crypto ETFs returned to the spotlight. This SEC filing highlighted a passive grantor trust that only had ONDO tokens.

Coinbase and BitGo would serve as custodians, with the crypto ETF to follow the CME CF Ondo Finance-Dollar Reference Rate. The sponsor fee was rated 1.25% yearly.

The filing included plans to list on the Nasdaq exchange. But it’s still not clear if the SEC will approve it, as reviews are underway.

The ONDO ETF filing also surprised Eric Balchunas, Bloomberg’s ETF analyst. While reporting it, the analyst said, “Never heard of this one, sounds like the name of a planet in Star Wars.”

This week, 21Shares also filed changes to its Sei and Polkadot ETF products. Likewise, Bitwise also filed for a Uniswap ETF without the staking option. These steps show that people were still interested in altcoins.

Popular analysts like The Wolf of All Street said that 2025 was a breakout year for ONDO. It turned more than $2 billion in Treasuries and $600 million in stocks into tokens. Additionally, there were plans to launch on-chain prime brokerage with perps.

Still, the ONDO token was trading close to its lows in a market that was bearish. However, this news impacted the price in the short term.

ONDO Crypto Price Rallies By Double Digits

The charts showed a strong recovery in ONDO crypto, followed by a bullish flag on the hourly chart. The price action was trading around $0.2493 after a double-digit rally of 12%. If the flag broke higher than about $0.26, a potential 15.8% move aiming at $0.29–$0.30 could materialize.

But the indicators of momentum got weaker. The MACD histogram went down, and the MACD lines were moving toward a bearish cross. This indication meant that the upside thrust was fading.

In the same way, RSI fell from recent highs of around 65 to the middle range. This further suggests a decreased level of confidence in buying. So, before you enter, wait for a clear breakout and confirmation of volume.

Conversely, losing the flag could lead to a drop to $0.22 and maybe even the $0.20 zone. Despite the hype surrounding crypto ETFs, it was advised to monitor risk, adhere to strict position sizing, and respect stop levels.

Top RWA Projects to Watch

Meanwhile, analysts are also backing crypto ETFs as ONDO gets recognition in the RWA space. Justin Wu’s tweet about the best RWA projects mentions ONDO crypto. ONDO can be used to buy US Treasuries, which gives real yields and liquidity.

Other major tokens mentioned were Chainlink (LINK) for data oracles and MakerDAO (MKR) for governance. For instance, tokenized real estate had a cap of $392 million with over 10K holders.

The community supported the idea by discussing early positioning and real on-chain money. Some even mentioned Integra_Layer’s $12 billion AUM in real estate as extra infrastructure for ONDO’s model.

While it was not entirely true, positioning happens earlier, since most people only notice RWAs after big moves have been made. This positions ONDO firmly in the RWA space for practical application. Still, the markets remain bearish, though there are stints of recovery.

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