1.17%What OIHON tracks
OIHON tracks VanEck Oil Services ETF, a fund linked to oil, natural gas, or energy companies. Funds in this group either hold futures contracts on the commodity or hold shares in energy producers and service companies.
A futures-based fund rolls its contracts forward as they expire, so over months it can drift away from the spot price. A fund holding energy companies moves with company results and the stock market as well as with energy prices.
About VanEck Oil Services ETF (Ondo Tokenized)
OIHon is the Ondo Tokenized version of the VanEck Oil Services ETF, giving tokenholders economic exposure similar to holding OIH and reinvesting any dividends. Ondo tokenized stocks enable non-US retail and institutional users around the world to instantly mint and redeem tokenized U.S. stocks and ETFs, 24 hours a day, five days a week with full access to traditional exchange liquidity. Additional restrictions apply. Learn more at ondo.finance/global-markets.
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How OIHON works
OIHON is issued by Ondo Finance. Ondo Finance issues its tokenized stocks and ETFs through Ondo Global Markets, which holds the underlying securities with custodians and handles minting and redemption for eligible clients.
What you hold is the token, not the underlying asset. OIHON tracks the price of VanEck Oil Services ETF, but it doesn't give you shareholder rights or a direct claim on the underlying holdings. Minting and redemption are handled by Ondo Finance for eligible clients under its own terms. Solflare is a self-custody wallet for holding and swapping OIHON, and it does not issue, back, or custody the token.
The price of OIHON on Solana is set by on-chain trading. Where liquidity is deep, it tends to stay close to the underlying price. Where liquidity is thin, a small swap can move the price and the gap to the underlying can widen.
The asset behind OIHON doesn't pay distributions, so the value of OIHON reflects price movement alone.
When can you trade OIHON?
OIHON can be swapped on Solana at any hour, but the fund it tracks trades only during US market hours. Outside those hours there's no live fund price, so the price of OIHON comes from on-chain trading alone and can drift from the fund's last close.
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More in Energy
| Rank | Tokenized by | Trading hours | Buy | |||
|---|---|---|---|---|---|---|
| 1 | SPDR S&P Oil & Gas Exploration & Production ETF | $182.922 | 0.40% | Backed Finance | US market hours | |
| 2 | United States Oil Fund | $144.688 | 1.22% | Ondo | US market hours | |
| 3 | Energy Select Sector SPDR Fund | $64.36 | 0.07% | Backed Finance | US market hours | |
| 4 | United States Brent Oil Fund | $60.74 | 1.71% | Ondo | US market hours | |
| 5 | United States Natural Gas Fund | $10.069 | 2.82% | Ondo | US market hours |