21Shares Advances Ondo ETF While Token Price Shows Signs of Recovery

The updated filing relates to the proposed “21Shares Ondo Trust” and follows the firm’s initial registration attempt, which first appeared on the SEC’s website in July 2025. While the amendment does not signal approval, it keeps the application active and suggests ongoing engagement with regulators as Ondo’s profile continues to expand across both crypto and traditional finance.

The filing caught market attention after Bloomberg ETF analyst Eric Balchunas highlighted the submission on social media, noting the growing number of crypto-adjacent ETF proposals tied to tokenization rather than spot cryptocurrencies alone.

ETF Interest Builds as Ondo Expands Beyond Tokenized Bonds

The ETF development comes at a time when Ondo is accelerating its push into tokenized equities and derivatives. On February 3, 2026, the company rolled out Ondo Perps, a new platform enabling perpetual futures trading on equities and commodities. Unlike most crypto derivatives venues, the platform allows tokenized stocks and ETFs to be used as collateral, reducing reliance on stablecoins.

On the same day, Ondo also integrated Ondo Global Markets, giving users direct wallet access to more than 200 tokenized U.S. stocks and ETFs, including major names such as Nvidia and Tesla. The move positions Ondo as a bridge between on-chain trading and traditional capital markets infrastructure.

Regulatory sentiment toward the project improved in late 2025 after the SEC closed its investigation into Ondo’s tokenized equity platform without bringing enforcement action. That outcome removed a major overhang for the company as it expanded into new jurisdictions and product lines.

Multi-Chain Strategy Gains Momentum

Ondo has also leaned into a multi-chain rollout to support higher throughput and lower transaction costs. In January 2026, the firm deployed its tokenized asset offerings on Solana, aiming to enable near-continuous trading with faster settlement and minimal fees.

This broader expansion helps explain why an ETF tied to Ondo’s ecosystem is drawing interest from issuers. Rather than focusing on a single token use case, the platform now spans tokenized bonds, equities, ETFs, and derivatives – a scope that increasingly resembles a digital-native financial market rather than a niche crypto product.

ONDO Price Action

At the time of writing, ONDO is trading around $0.256, up roughly 4% over the past 24 hours, while still showing a weekly decline of about 15% following broader market volatility.

From a momentum perspective, the RSI (14) sits near 53, indicating neutral conditions after rebounding from oversold territory earlier in the week. This suggests selling pressure has eased, though buyers have yet to fully regain control.

The MACD recently flipped positive, with the signal line crossing above the MACD line, pointing to improving short-term momentum. However, histogram expansion remains modest, implying that any upside continuation may depend on broader market strength and follow-through volume.

If bullish momentum holds, ONDO could attempt a move toward the $0.28–$0.30 zone, where previous resistance has formed. On the downside, a loss of the $0.24 area would put recent lows back into focus.

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