BINCON is a token on Solana that tracks the price of iShares Flexible Income Active 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 BINCON in a self-custody wallet such as Solflare.

Why can the price of BINCON differ from iShares Flexible Income Active ETF?

The price of BINCON 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 BINCON has low liquidity?

Low liquidity means a small swap can move the price of BINCON, 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 BINCON 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 BINCON 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 BINCON represents slightly more of the fund over time while the number of tokens in your wallet stays the same.

When can I trade BINCON?

You can swap BINCON on Solana at any hour, but the fund it tracks trades only during US market hours. Outside those hours, the price of BINCON 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.

BINCON price today: iShares Flexible Income Active ETF on Solana

Q: Is buying BINCON the same as buying iShares Flexible Income Active ETF?

No. BINCON is a separate token that tracks the price of iShares Flexible Income Active 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 BINCON?

Ondo Finance issues BINCON. 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 BINCON; it does not issue, back, or custody the token, so the backing arrangement is the issuer's.

What BINCON tracks

BINCON tracks iShares Flexible Income Active ETF, a fund that holds bonds, Treasury securities, or loans and pays out the income they generate. Its price moves with interest rates and, for corporate debt and loans, with the credit quality of the borrowers.

Funds holding short-dated debt tend to move little when rates change, while funds holding long-dated bonds can swing sharply. Distributions from the fund are usually reflected in the token rather than paid in cash.

About iShares Flexible Income Active ETF (Ondo Tokenized)

Tokenized asset from Ondo Finance representing iShares Flexible Income Active ETF (Ondo Tokenized).

Website

BINCON contract address

mhZ69E1vDnAsQJXAwarLYSX5tmgeMajXBJ2rXAcondo

Ticker

BINCON

Issuer

Ondo Finance

Status

Verified

How BINCON works

BINCON 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. BINCON tracks the price of iShares Flexible Income Active 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 BINCON, and it does not issue, back, or custody the token.

The price of BINCON 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 BINCON 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 BINCON?

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

The scaling factor for BINCON

The scaling factor for BINCON is 1.0334. 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	Invesco Short Term Treasury ETFTBLLX	$105.745	0.02%	Backed Finance	US market hours
2	iShares TIPS Bond ETFTIPON	$104.708	0.10%	Ondo	US market hours
3	iShares 0-3 Month Treasury Bond ETFSGOVX	$100.555	0.02%	Backed Finance	US market hours
4	iShares 0-3 Month Treasury Bond ETFSGOVON	$100.555	0.02%	Ondo	US market hours
5	iShares Core US Aggregate Bond ETFAGGON	$95.205	0.10%	Ondo	US market hours
6	iShares 7-10 Year Treasury Bond ETFIEFON	$90.175	0.18%	Ondo	US market hours
7	PIMCO 0-5 Year High Yield Corporate Bond Index ETFHYSON	$89.494	0.10%	Ondo	US market hours
8	iShares 1-3 Year Treasury Bond ETFSHYON	$81.215	0.04%	Ondo	US market hours
9	iShares 20+ Year Treasury Bond ETFTLTON	$79.456	0.53%	Ondo	US market hours
10	iShares iBoxx $ High Yield Corporate Bond ETFHYGON	$76.955	0.20%	Ondo	US market hours
11	Franklin Income Equity Focus ETFINCEON	$68.65	0.12%	Ondo	US market hours
12	Franklin ClearBridge Enhanced IncomeYLDEX	$57.60	0.11%	Backed Finance	US market hours
13	VanEck CLO ETFCLOION	$52.865	0.02%	Ondo	US market hours
14	iShares AAA CLO Active ETFCLOAON	$51.845	0.03%	Ondo	US market hours
15	Janus Henderson AAA CLOJAAAX	$50.565	0.03%	Backed Finance	US market hours
16	Janus Henderson AAA CLO ETFJAAAON	$50.565	0.03%	Ondo	US market hours
17	WisdomTree Floating Rate Treasury FundUSFRON	$50.485	0.02%	Ondo	US market hours
18	Fidelity AAA CLOFAAAX	$50.40	0.01%	Backed Finance	US market hours
19	JPMorgan Ultra-Short IncomeJPSTX	$50.285	0.04%	Backed Finance	US market hours
20	Franklin High Yield Corporate ETFFLHYON	$23.355	0.26%	Ondo	US market hours
21	Franklin Senior LoanFLBLX	$22.695	0.04%	Backed Finance	US market hours

Prices are volatile and can fall as well as rise. BINCON is issued by Ondo Finance and gives price exposure to iShares Flexible Income Active 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 Flexible Income Active ETF (BINCON) price

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