The ONDO token is trading near a key long-term support level between $0.24 and $0.26, according to technical analysis. In a significant market development, asset manager 21Shares has filed for the first spot exchange-traded fund (ETF) for the token with the U.S. Securities and Exchange Commission, targeting a listing on the Nasdaq.
The ONDO token is currently trading near a significant long-term support zone between $0.24 and $0.26. Technical analysis shared by Globe of Crypto suggests holding this level increases the chance of a potential relief rally toward targets of $0.52 to $0.53.
Technical indicators currently signal oversold conditions on weekly timeframes. The weekly Relative Strength Index is near 27.29, indicating substantial selling pressure has been present.
In a major regulatory development, 21Shares has filed an application for a spot ONDO ETF with the SEC. The filing, submitted on February 6, 2026, lists Coinbase as custodian and the Nasdaq as the proposed exchange for listing.
Analyst Crypto Patel stated this marks “one of the first ETF applications for a Real-World Asset platform token!” A regulatory decision on the filing is anticipated between late February and April 2026.
Bloomberg ETF analyst Eric Balchunas also highlighted the filing. The proposed ETF could potentially enhance institutional access to the tokenized real-world asset sector.
