ONDO is the native token for Ondo Finance, which is a protocol that is seeking to connect the world of real world assets (RWAs) with decentralized finance (DeFi). The ONDO token has been designed to bring transparency and accessibility to traditional financial instruments like U.S. Treasuries. Overall, the token is the means to achieving tokenized access to yield-bearing assets.
The token supports governance, liquidity provisioning, and ecosystem incentives across Ondo’s infrastructure. As institutional interest in compliant DeFi continues to grow, it is positioning itself at the center of this shift—offering both retail and institutional users a secure, on-chain gateway to regulated financial products through blockchain technology.
ONDO Price Analysis For July 23, 2025
The ONDO price analysis shows a consistent bearish flow with multiple short recoveries that failed to build lasting strength. The session started near $1.11 in the early hours, with the ONDO Price immediately entering a sharp downward channel. This drop found support after an oversold RSI signal and a golden cross on MACD, triggering a minor ONDO breakout around 00:20 UTC. Price pushed up near $1.13, but resistance capped the move quickly.
From 00:30 to 02:30 UTC, ONDO moved into a wider downward channel, forming lower highs and lower lows. The coin fell toward $1.09 by 03:00 UTC. A shift came between 03:30 and 04:30 UTC, as the price reversed into a clean upward channel. Supported by a third golden cross and rising RSI levels, ONDO touched a local high near $1.12.
Chart 1- ONDO/USDT M1 Chart, Analysed By Anushri Varshney, Published on TradingView, July 23, 2025
The decline resumed from 05:00 UTC, as ONDO entered another downward channel, pulling back near $1.095. Momentum stayed weak with MACD crossing below the signal line twice. RSI remained soft, never climbing above neutral. A small relief came around 06:00 UTC with a bounce, confirmed by another golden cross and light volume recovery. But sellers stepped in fast.
Between 06:30 and 08:30 UTC, ONDO stayed trapped in yet another downward channel, showing a clear lower structure. Despite two more golden crosses and a brief overbought RSI near 07:30 UTC, the ONDO Coin failed to break trend lines. RSI hit oversold again by 08:30 UTC, reflecting exhaustion. During the final stretch toward 09:00 UTC, price action slowed. The coin hovered near $1.095, forming a tight range. Until it breaks above its descending trend lines with volume, short-term momentum remains bearish, though oversold signals hint at a near-term bounce.
21Shares Files for First U.S. Spot ONDO ETF, Signaling DeFi and RWA Integration
Swiss asset manager 21Shares has filed an S-1 form with the U.S. SEC to launch the first spot ETF, the native token of Ondo Finance. Submitted on July 23, 2025, the filing proposes listing the ETF on a U.S. exchange. If approved, it would mark the first ETF in the country backed by a real-world asset (RWA) focused cryptocurrency, bridging DeFi and traditional finance. The ETF will track the CME CF Ondo Finance-Dollar Reference Rate by holding actual ONDO tokens in cold storage, managed securely by Coinbase Custody. This structure avoids derivatives and aims for transparent replication of ONDO’s dollar value.
The filing follows Ondo’s acquisition agreement with Oasis Pro, enhancing its compliance presence in the U.S., and a $250 million collaboration with Pantera Capital to tokenize yield-bearing assets. Ondo has already tokenized over $500 million in U.S. Treasuries and other RWAs, making them accessible on-chain. This ETF adds a regulated access point for investors, aligning with 21Shares’ strategy to bring tokenized real-world assets into mainstream financial markets.
ONDO Price Prediction Gains Strength Amid Institutional ETF Momentum
The recent ETF filing by 21Shares signals a pivotal moment for ONDO, reinforcing its legitimacy within regulated financial markets. With the ETF set to hold actual tokens in cold storage and track the CME CF Finance-Dollar Reference Rate, the structure offers transparency and institutional-grade exposure. Backed by secure custody via Coinbase and supported by Finance’s $500 million in tokenized real-world assets, the move sets a strong precedent. Coupled with strategic deals like the Oasis Pro acquisition and Pantera Capital partnership, ONDO’s expanding compliance footprint supports long-term growth.
The ONDO Price Prediction remains optimistic as investor demand for regulated DeFi access continues to rise. Institutional adoption, more utility through yield-generating structures, and the desire for blockchain-based financial products may drive consistent upward price action. If approved, the ETF may create even more accessible and establish it as a key asset within tokenized RWA portfolios.
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