Ondo's ONDO Jumps 15% as BlackRock Products Fuel RWA Optimism
ONDO Rally: Ondo's token jumped 15% from $0.42 to nearly $0.56 after launching Intelligent Portfolios tied to BlackRock strategies on September 24. The products offer income, balanced growth, and higher growth strategies for eligible investors outside the U.S. Investors mint one token representing multiple assets; Ondo manages allocation and custody, BlackRock developed the strategies. The products don't require buying ONDO — the rally reflects interest in Ondo's RWA business. Derivatives show heavy long positioning: Binance ratio 1.70, OKX 2.21, open interest up from $160M to $324M. About $6.55M in ONDO positions were liquidated in 24 hours. Read more on CoinRab.
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