The post ONDO Price Surges 5.12% as 21Shares Files Spot ETF Application with SEC appeared on BitcoinEthereumNews.com.

Caroline Bishop
Jul 26, 2025 07:11

ONDO trades at $1.04 after gaining 5.12% in 24 hours following major ETF filing and Binance.US listing announcement, with technical indicators showing bullish momentum.

Quick Take • ONDO currently trading at $1.04 (+5.12% in 24h) • Ondo’s RSI at 61.79 indicates neutral momentum with room for upward movement • 21Shares filed spot ONDO ETF with SEC, marking major institutional milestone • Binance.US listing significantly expands U.S. retail accessibility What’s Driving Ondo Price Today? The ONDO price surge stems from two groundbreaking developments announced on July 22nd. 21Shares submitted an S-1 registration with the SEC for a spot ONDO ETF, representing the first major institutional attempt to bring Ondo Finance to traditional investment vehicles. This ETF would hold ONDO tokens directly and track prices using the CME CF Ondo Finance-Dollar Reference Rate, providing institutional investors with regulated exposure to the real-world asset tokenization leader. Simultaneously, Binance.US announced ONDO token listing, dramatically expanding accessibility for retail investors across the United States. This dual catalyst created immediate buying pressure, as evidenced by the $25.1 million trading volume on Binance spot markets within 24 hours. The earlier acquisition of Strangelove by Ondo Finance on July 15th provided additional technical foundation, though its price impact was more subdued. This strategic move strengthens Ondo’s blockchain development capabilities for real-world asset tokenization, positioning the project for long-term growth beyond immediate market speculation. ONDO Technical Analysis: Bullish Signals Emerge Current Ondo technical analysis reveals strong bullish momentum across multiple timeframes. The ONDO price of $1.04 sits well above the 20-day SMA of $0.96, indicating sustained upward pressure. More significantly, ONDO trades above both the 12-day EMA ($1.02) and 26-day EMA ($0.95), confirming short-term bullish sentiment. ONDO’s RSI reading of 61.79 places the token in…

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Filed under: News - @ July 27, 2025 6:20 am