What ETHAON tracks
ETHAON tracks iShares Ethereum Trust ETF, an exchange-traded fund that holds a cryptocurrency. Its price follows the fund's share price, which moves with the coin but also reflects the fund's fees and US trading hours.
The coin itself trades around the clock, so the fund, the coin, and this token can move apart when US markets are closed.
About iShares Ethereum Trust (Ondo Tokenized)
ETHAon is the Ondo Tokenized version of the iShares Ethereum Trust ETF, giving tokenholders economic exposure similar to holding ETHA 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.
ETHAON contract address
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How ETHAON works
ETHAON 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. ETHAON tracks the price of iShares Ethereum Trust 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 ETHAON, and it does not issue, back, or custody the token.
The price of ETHAON 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 ETHAON doesn't pay distributions, so the value of ETHAON reflects price movement alone.
When can you trade ETHAON?
ETHAON 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 ETHAON comes from on-chain trading alone and can drift from the fund's last close.
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More in Crypto Funds
| Rank | Tokenized by | Trading hours | Buy | |||
|---|---|---|---|---|---|---|
| 1 | iShares Bitcoin Trust ETF | $38.803 | 4.30% | Ondo | US market hours | |
| 2 | Fidelity Solana Fund | $9.411 | 2.22% | Ondo | US market hours |