21Shares has registered with the U.S. Securities and Exchange Commission (SEC) a new exchange traded fund (ETF) tracking the Ondo token (ONDO). This proposed 21Shares Ondo Trust will own ONDO directly and the underlying goal is to replicate the dollar value of ONDO without leverage or derivatives. The ETF will use Coinbase Custody for safekeeping and track the CME CF Ondo Finance-Dollar Reference Rate.
