21Shares has registered with the U.S. Securities and Exchange Commission (SEC) a new exchange-traded fund (ETF) that replicates the Ondo token (ONDO). This proposed trust, 21Shares Ondo Trust, will be the direct owner of ONDO and aims to replicate its value in dollars without leverage or derivatives. The ETF will use Coinbase Custody for its custody and replicate the CME CF Ondo Finance dollar reference rate.
