ONDO Sees $14.2M Inflows on European Expansion and RWA Tokenization Buzz, Negative Funding Rate Signals Caution

Ondo has experienced a surge in positive market activity, driven by significant regulatory advancements and growing institutional interest in tokenized Real World Assets (RWAs). The recent approval to offer tokenized stocks in Europe, coupled with supportive comments from CFTC Commissioner Caroline Pham on tokenization, has fueled substantial inflows into the Ondo token and increased open interest in its perpetual futures. Despite this bullish sentiment, a notable negative funding rate suggests some traders are positioning for a potential price correction, indicating a nuanced market outlook.