21Shares Files for $ONDO ETF, Is This the Next Big Crypto?

3 mins mins

Key Insights:

ONDO trades near support as ETF filing by 21Shares draws attention to RWA growth.
$0.30–$0.32 remains key resistance; breakout may shift short-term market direction.
Ondo leads tokenized equity market, holding over half of nearly $1 billion sector.On

*21Shares Files for $ONDO ETF, Is This the Next Big Crypto?*

February 6, 2026, asset manager 21Shares filed a prospectus with the U.S. Securities and Exchange Commission for a new exchange-traded fund based on the ONDO token. The proposed fund, called the 21Shares Ondo Trust, would directly hold ONDO and follow the CME CF Ondo Finance-Dollar Reference Rate.

If approved, the fund would be listed on Nasdaq. Coinbase Custody would serve as the custodian. This filing marks one of the first efforts to bring an Ethereum-based real-world asset token to U.S. markets in ETF form. It reflects a growing effort to expand institutional access to blockchain-linked assets outside the two largest cryptocurrencies.

Current Price Levels and Market Activity

ONDO was trading around $0.2555, with a 24-hour gain of 1.02%. Over the past seven days, the token has dropped by 14.5%. Daily trading volume is over $116 million, showing that there is still active participation from both retail and institutional players.

The current price is sitting at the lower end of the $0.23–$0.25 support range. This area has held as a floor during recent price moves. A drop below $0.23 may open the way for further decline toward $0.20, a level marked by past lows.

Resistance and Market Structure

The first upside target is between $0.30 and $0.32. This is where past rallies have stalled, and sellers have stepped in. A move beyond this zone would be needed to shift short-term sentiment. Above that, the $0.38 to $0.40 range stands out as a broader resistance zone based on earlier price congestion.

Technical readings suggest mixed momentum. The price remains below key moving averages. The Relative Strength Index is not yet showing strong buying pressure. Without increased volume and participation, sustained movement higher may take time.

ONDO’s Role in the RWA Market

Ondo Finance has become a leading name in the tokenized asset space. It holds more than half of the tokenized equity market, which is approaching a $1 billion value. ONDO is at the center of this trend, serving as a bridge between blockchain and traditional finance.

Plans for multichain expansion, including integration with Solana and the rollout of the USDY stablecoin on additional networks, could widen its reach. However, some traders remain cautious. As one observer put it, “ETF approval is not guaranteed, and there’s still execution risk on these expansions.”

Ongoing talks around 24/7 trading for tokenized stocks are also in focus. If these discussions lead to policy or infrastructure changes, ONDO may benefit from increased liquidity and trading access.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.