ITOTON is a token on Solana that tracks the price of iShares Core S&P Total US Stock Market ETF. It's issued by Ondo Finance, not by Solflare, and gives you price exposure to the underlying ETF without making you a holder of it. You can hold and swap ITOTON in a self-custody wallet such as Solflare.

Why can the price of ITOTON differ from iShares Core S&P Total US Stock Market ETF?

The price of ITOTON is set by on-chain trading on Solana. When the underlying market is closed, there's no live price to follow, and when liquidity is thin, a small swap can move the token's price. A scaling factor, where one applies, also means the token's price won't match the underlying price one for one.

What happens if ITOTON has low liquidity?

Low liquidity means a small swap can move the price of ITOTON, the spread between buying and selling widens, and selling can cost more than you expect. The token's price can also sit further from the underlying asset. Liquidity on tokenized funds and commodities varies a lot between tokens and over the course of a day.

You buy ITOTON by swapping SOL, USDC, or another Solana token for it in a self-custody wallet such as Solflare. The swap settles on Solana, so no brokerage account is involved. Keep a small SOL balance for network fees, and check Ondo Finance's terms first, since availability varies by jurisdiction.

Does ITOTON pay dividends or distributions?

Not as separate payments. When the underlying fund pays a distribution, Ondo Finance folds it into the token's scaling factor, so each ITOTON represents slightly more of the fund over time while the number of tokens in your wallet stays the same.

When can I trade ITOTON?

You can swap ITOTON on Solana at any hour, but the fund it tracks trades only during US market hours. Outside those hours, the price of ITOTON comes from on-chain trading alone, so spreads can widen and the price can drift from the fund's last close until the market reopens.

ITOTON price today: iShares Core S&P Total US Stock Market ETF on Solana

Q: Is buying ITOTON the same as buying iShares Core S&P Total US Stock Market ETF?

No. ITOTON is a separate token that tracks the price of iShares Core S&P Total US Stock Market ETF. Holding it gives you the price exposure, but not shareholder rights or a direct claim on the underlying holdings. Any redemption into the underlying asset is handled by Ondo Finance for eligible clients under its own terms, not by Solflare.

Q: Who issues ITOTON?

Ondo Finance issues ITOTON. 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. Solflare is a self-custody wallet that lets you hold and swap ITOTON; it does not issue, back, or custody the token, so the backing arrangement is the issuer's.

What ITOTON tracks

ITOTON tracks iShares Core S&P Total US Stock Market ETF, an index fund that holds a broad basket of stocks according to its index rules. Its price follows the fund's share price, which moves with the combined value of the companies in the index.

Because an index fund spreads its holdings across many companies, trouble at any single company has a limited effect on it. The fund still falls when the broad market falls.

About iShares Core S&P Total US Stock Market ETF (Ondo Tokenized)

ITOTon is the Ondo Tokenized version of the iShares Core S&P Total US Stock Market ETF, giving tokenholders economic exposure similar to holding ITOT 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.

Website

ITOTON contract address

CPWkMURVvcnX8hGjqCTb8i5LkzV3VSvyk7SeJi8ondo

Ticker

ITOTON

Issuer

Ondo Finance

Status

Not verified

How ITOTON works

ITOTON 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. ITOTON tracks the price of iShares Core S&P Total US Stock Market 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 ITOTON, and it does not issue, back, or custody the token.

The price of ITOTON 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.

When the underlying fund pays a distribution, Ondo Finance folds it into the token instead of paying it out, so each ITOTON comes to represent slightly more of the fund over time while the number of tokens in your wallet stays the same.

When can you trade ITOTON?

ITOTON 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 ITOTON comes from on-chain trading alone and can drift from the fund's last close.

The scaling factor for ITOTON

The scaling factor for ITOTON is 1.0096. It rises as the underlying fund's distributions are folded into the token, so each token represents slightly more of the fund over time while your token count stays the same. Read the factor as accumulated distributions, not as a price change.

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1	iShares Core S&P 500 ETFIVVON	$753.20	1.51%	Ondo	US market hours
2	SPDR S&P 500 ETF TrustSPYX	$749.86	1.51%	Backed Finance	US market hours
3	SPDR S&P 500 ETF TrustSPYON	$749.86	1.51%	Ondo	US market hours
4	Vanguard S&P 500VOOX	$689.27	1.52%	Backed Finance	US market hours
5	Invesco QQQ TrustQQQX	$674.90	2.44%	Backed Finance	US market hours
6	Invesco QQQ TrustQQQON	$674.90	2.44%	Ondo	US market hours
7	Vanguard Total Stock Market ETFVTION	$369.058	1.54%	Ondo	US market hours
8	Vanguard Total Stock Market ETFVTIX	$369.058	1.54%	Backed Finance	US market hours
9	iShares Russell 2000 ETFIWMX	$276.119	1.74%	Backed Finance	US market hours
10	iShares Russell 2000 ETFIWMON	$276.119	1.74%	Ondo	US market hours
11	Vanguard Value ETFVTVON	$228.422	0.83%	Ondo	US market hours
12	iShares Russell 2000 Value ETFIWNON	$211.883	1.18%	Ondo	US market hours
13	Vanguard Total World Stock ETFVTX	$154.469	1.29%	Backed Finance	US market hours
14	iShares Core S&P Small-Cap ETFIJRX	$140.053	1.25%	Backed Finance	US market hours
15	iShares Russell 1000 Growth ETFIWFON	$114.017	2.33%	Ondo	US market hours
16	WisdomTree US Quality Dividend Growth FundDGRWON	$97.724	1.17%	Ondo	US market hours
17	Vanguard Growth ETFVUGX	$83.705	2.10%	Backed Finance	US market hours
18	Franklin US Large Cap Multifactor Index ETFFLQLON	$75.571	1.82%	Ondo	US market hours
19	iShares Core S&P Mid-Cap ETFIJHON	$73.404	1.34%	Ondo	US market hours
20	Franklin U.S. Equity IndexUSPXX	$65.53	1.49%	Backed Finance	US market hours
21	Franklin U.S. Mid Cap Multi-FactorFLQMX	$62.724	0.35%	Backed Finance	US market hours
22	Franklin Focused Growth ETFFFOGON	$45.515	2.40%	Ondo	US market hours
23	Franklin Small Cap EnhancedFSMLX	$28.606	1.46%	Backed Finance	US market hours

Prices are volatile and can fall as well as rise. ITOTON is issued by Ondo Finance and gives price exposure to iShares Core S&P Total US Stock Market ETF, not fund shares, shareholder rights, or a claim on the fund's holdings; redemption terms are set by the issuer. Liquidity can be thin, which widens spreads and can move the price on small swaps, especially outside US market hours. Availability varies by jurisdiction. Solflare is a wallet interface and does not issue, back, or custody this token. Nothing here is financial advice.

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iShares Core S&P Total US Stock Market ETF (ITOTON) price

iShares Core S&P Total US Stock Market ETF price chart