iShares Russell 2000 ETF (IWMON) price

IWMON tracks iShares Russell 2000 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.

IWMon is the Ondo Tokenized version of the iShares Russell 2000 ETF, giving tokenholders economic exposure similar to holding IWM 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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IWMON contract address

dvj2kKFSyjpnyYSYppgFdAEVfgjMEoQGi9VaV23ondo

Ticker

IWMON

Issuer

Ondo Finance

Status

Verified

IWMON 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. IWMON tracks the price of iShares Russell 2000 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 IWMON, and it does not issue, back, or custody the token.

The price of IWMON 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 IWMON comes to represent slightly more of the fund over time while the number of tokens in your wallet stays the same.

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

The scaling factor for IWMON is 1.0091. 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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