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21Shares Files With SEC for Spot ONDO ETF

Published by
Sohrab Khawas

Crypto asset manager 21Shares has filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission to launch a spot ETF based on ONDO, the native token of Ondo Finance. The proposed 21Shares Ondo Trust would directly hold ONDO tokens and track their performance using the CME CF Ondo Finance-Dollar Reference Rate, with Coinbase providing custody. This ETF aims to offer a regulated, passive way for investors to gain exposure to ONDO and the growing tokenized real-world assets market.

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Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

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