Cryptocurrency exchange-traded fund (ETF) issuer 21Shares has filed an application with the U.S. Securities and Exchange Commission (SEC) for a new product that will track the spot price of ONDO, the native token of the Ondo Finance protocol.
The company filed a Form S-1 registration statement with the SEC on July 22, 2025, for a new fund called “21Shares Ondo Trust.” This fund will directly hold ONDO tokens and track their performance against the CME CF Ondo Finance–Dollar Reference Rate. The tokens will be held by the Coinbase Custody Trust Company.
The 21Shares Ondo Trust will be a passive investment vehicle that directly tracks the price of ONDO. The fund plans to buy and sell ONDO only during the creation and redemption of shares. Otherwise, it will not trade for speculative gain. The fund will not use leverage, derivatives, or similar instruments.
*This is not investment advice.
