ONDO Price Skyrockets As Over 100 Tokenized Assets And ETFs Are Set For Ether...
Ondo Finance, a Layer 1 (L1) blockchain protocol, has recently announced the launch of Ondo Global Markets, designed to enable non-US investors to access over 100 tokenized US stocks and exchange-traded funds (ETFs) on the Ethereum (ETH) blockchain. Following this announcement, the price of Ondo’s native token, ONDO, surged over 6% close to the $1 mark after opening the week at $0.86, aligned with the broader crypto market’s correction. Founder Calls Ondo Global Markets A ‘Breakthrough’ According to the protocol’s press release, Ondo Global Markets aims to provide one....
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Ondo Finance (ONDO) has been experiencing heavy selling pressure and heightened volatility, as the broader crypto market continues its downward trend. Since the start of March, ONDO has lost over 40% of its value, reflecting the overall risk-off sentiment in the market. With fear dominating price action, analysts are warning of further declines as investors remain hesitant to re-enter long positions. Related Reading: Bitcoin Drops Below 200-Day MA – Next Key Support Lies At $66K According To Mayer Multiple Despite the ongoing downtrend, on-chain data from Glassnode reveals a notable shift....
Ondo Finance has been holding strong amid volatility and uncertainty, standing out compared to other altcoins struggling in the current market environment. Despite price swings across the crypto space, Ondo has maintained resilience, driven by key developments and growing institutional interest. Related Reading: Bitcoin Volatility Range Drops 50% In A Month – Compression Before Expansion? […]
The U.S. Securities and Exchange Commission (SEC) wants to facilitate tokenized exchange-traded funds (ETFs), according to chairman Jay Clayton. The agency is collaborating with other U.S. regulators to determine how to regulate different crypto products. SEC Open to Tokenization of ETFs SEC Chairman Jay Clayton talked about the commission’s approach to regulating crypto products during a panel discussion hosted by the Chamber of Digital Commerce earlier this month. The event, entitled “Two Sides of the American Coin: Innovation & Regulation of Digital Assets,” also....
Despite failing to break out of its downtrend, ONDO could be preparing for a surge above the $2 barrier. Some analysts suggest it could repeat its 2024 playbook if it continues to hold its current levels. Related Reading: Ethereum Prepares For Massive Run After $2,800 Reclaim – ‘Up Only’ Ahead? ONDO Breakout Eyes $2 ONDO, the native token of the tokenized real-world asset (RWA) platform Ondo Finance, is attempting to reclaim a key area amid the market pullback. Notably, the cryptocurrency has struggled to hold the $1 mark since losing the area as support over three months ago. In December,....
Both of the new Australian exchange-traded funds by 3iQ Digital Asset Management will feed from its existing Bitcoin and Ethereum ETFs listed on the Toronto Stock Exchange. A further two cryptocurrency-backed exchange-traded funds (ETF) have launched on the Cboe Australia exchange on Monday, bringing the total amount of crypto ETFs available to Australian traders to six.The Canada-based 3iQ Digital Asset Management launched two spot ETFs, the 3iQ CoinShares Bitcoin (BTC) Feeder ETF and the 3iQ CoinShares Ether (ETH) Feeder ETF.Both of the Australian funds feed from the firm’s Canadian ETFs....