Despite the ongoing weakness in the cryptocurrency market, ETF deployments around digital assets have not slowed down. Several asset management firms are still submitting new product applications to regulators, demonstrating that institutional long-term demand for digital asset funds remains confident. This month, Bitwise Asset Management submitted an ETF application related to Uniswap, and ProShares also plans to launch leveraged Bitcoin and Ethereum ETFs. Meanwhile, 21Shares re-submitted fund proposals based on Ondo and Sei, indicating that related projects are steadily progressing. Industry insiders believe these moves reflect issuers positioning themselves early during the market downturn, aiming to gain a first-mover advantage when sentiment recovers.

On February 11, experts stated that the tokenization of real-world assets (RWA Tokenization) is still in the early stages of market hype, but its long-term potential is being accelerated and validated by traditional financial institutions and blockchain companies. As public blockchain infrastructure like Ethereum gradually matures, asset onboarding is being viewed as a vital part of the future financial system. Min Lin, Managing Director of Global Expansion at Ondo, pointed out at the Hong Kong Consensus Conference that the US Treasury bond market alone is valued at $29 trillion. When combined with the global stock market, the total scale approaches $127 trillion, with the US accounting for about $69 trillion. This scale means that even a very small percentage of assets going on-chain is enough to trigger a structural change in the entire crypto financial ecosystem.

Foresight News reports that 21Shares has submitted an amendment for the issuance of the ONDO ETF to the U.S. SEC. Foresight News previously reported that Bloomberg senior ETF analyst Eric Balchunas stated that 21Shares is applying to issue the ONDO ETF.

PANews February 10 News, according to Cointelegraph monitoring, the tokenized US Treasury market size has surpassed $10 billion, with Ondo Finance, Securitize, Circle, and Superstate as the main issuers.

At the Ondo Summit in New York, former Chairman of the U.S. House Financial Services Committee McHenry and White House Advisor Witt stated that U.S. cryptocurrency legislation is expected to accelerate in the coming months, with legislation possibly being completed as early as Memorial Day. The core issue is the yield on stablecoins, with some consensus reached among parties, but disagreements remain. McHenry emphasized that decentralized finance (DeFi) is the foundation of the legislation.

Odaily Planet Daily reports that Bloomberg senior ETF analyst Eric Balchunas stated on the X platform that 21Shares is applying to launch the Ondo ETF.

Pantera Capital CEO Dan Morehead stated at the Ondo Summit that Bitcoin's performance over the next decade could significantly outperform gold, primarily because large institutions' allocation to Bitcoin is almost zero. Data shows that the median institutional Bitcoin holding is “close to 0.0%,” while gold has long held a stable position in most traditional asset portfolios. He views this structural gap as a potential long-term driving factor. Currently, many pension funds, endowments, and sovereign wealth funds remain cautious about Bitcoin. On one hand, this is due to risk assessment pressures from price volatility; on the other hand, it is related to regulatory pathways and a lack of historical data samples. However, Dan Morehead believes that this “gap between perception and allocation” actually presents an asymmetric opportunity. Once institutions allocate just 1% to 2% of their assets to Bitcoin, demand shifts could have a noticeable impact on prices.

Gate News Bot Message, February 4th, according to CoinMarketCap data, ONDO (Ondo) is currently priced at $0.28, up 1.98% in the past 24 hours, with a high of $0.35 and a low of $0.27. The current market capitalization is approximately $1.381 billion, an increase of $26.8 million from yesterday.

Foresight News Report: Ondo announces the launch of Ondo Perps, a perpetual contract product that allows users to trade major U.S. stocks and ETFs 24/7. The maximum leverage is up to 20x. Available only to users outside the United States. Users can use tokenized securities as collateral, cross-margin positions, with leverage up to 20x.

Ondo Finance launches "Ondo Global Listing" service, allowing US IPOs to be listed on the blockchain simultaneously, supporting global investor participation. Tokenized stocks can be freely traded on mainstream blockchains, enhancing investment convenience.