BREAKING: 21Shares Charges Into Crypto ETFs With SEC Filing for $ONDO Fund

Wall Street's latest crypto gold rush just got hotter. Asset manager 21Shares dropped paperwork with the SEC to launch an ONDO ETF—because what the market really needs is another way to bet on blockchain without touching the scary stuff.

Why it matters: The filing signals institutional players still see blood in the water despite regulatory headwinds. TradFi firms keep building bridges to crypto whether the SEC likes it or not.

Between the lines: This isn't 21Shares' first rodeo. The Zug-based firm already runs multiple crypto ETPs in Europe. Now they're coming for America's retirement accounts—with all the volatility and none of the private keys.

The bottom line: Another day, another crypto ETF filing. At this rate, we'll have more blockchain funds than actual blockchains by 2026. Your move, Gary Gensler.