The current real-time price of SPYON is $699.42. In the past 24 hours, SPYON has traded between $695.54 and $701.35, showing strong market activity. The all-time high of SPYON is $702.14, and the all-time low is $634.98.
From a short-term perspective, the price change of SPYON over the past 1 hour is , over the past 24 hours is +0.05%, and over the past 7 days is -0.18%. These figures provide a quick overview of the latest price trends and market dynamics of SPYON on LBank.+1.21%
The live price of SPYON today is $699.42, with a current market cap of $26.013M. The 24-hour trading volume is 1M. The price of SPYON to USD is updated in real time.
Before deciding whether to buy or sell SPYON, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s SPYON technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for SPYON.
How much will SPYON be worth tomorrow, next week, or next month in ? What about your SPYON assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! SPYON Price Prediction
To learn more about SPYON, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
ethereum | 0x7776...eb7666  | 10,898 | 28.47% |
ethereum | 0x6c34...c4c403 | 7,249.999 | 18.94% |
ethereum | 0x617a...3cd1ac | 6,705.999 | 17.52% |
ethereum | 0x882d...94f6a1 | 1,934 | 5.05% |
ethereum | 0x4439...83e21e | 1,791 | 4.68% |
Other | 9,701.503 | 25.34% |
SPYon is a "real-world asset" (RWA) token designed to bring traditional U.S. equity exposure to the blockchain. It tracks the price and performance of the SPDR S&P 500 ETF (SPY), offering the same economic benefits, including price movements and dividends, but in a tokenized format. This allows for blockchain-native access to the widely traded SPY ETF.
SPYon is 1:1 backed. Each SPYon token directly represents one share of the underlying SPDR S&P 500 ETF (SPY). These underlying shares are held in regulated U.S. custody through licensed third-party providers, ensuring that every token has a corresponding asset in a secure, compliant framework. This direct backing provides transparency and confidence in the token's value.
Yes, SPYon has strict geographical restrictions. It is not available to U.S. persons and is explicitly not registered under the U.S. Securities Act of 1933. The token is specifically designed for non-U.S. retail and institutional investors who wish to gain exposure to U.S. equities via a compliant, tokenized asset on the blockchain.
SPYon utilizes an automatic dividend reinvestment (DRIP) model. Instead of distributing cash dividends directly to your wallet, any dividends generated by the underlying SPDR S&P 500 ETF shares are automatically reinvested. This reinvestment is reflected in either an increase in the token's value or, depending on the specific blockchain implementation, a slight increase in the quantity of tokens held. This ensures continuous growth of your underlying exposure.
The underlying SPDR S&P 500 ETF shares that back SPYon tokens are held by independent, third-party regulated custodians in bankruptcy-remote accounts. This means the assets are legally segregated and protected from the corporate assets of Ondo Finance. In the event of bankruptcy, these underlying assets would not be considered part of the issuer’s estate and would remain available to token holders, safeguarding your investment.
SPYon maintains its price peg through the mechanism of arbitrage. If the on-chain price of SPYon deviates from the traditional SPDR S&P 500 ETF (SPY) price, market participants can leverage this difference. They can either mint new SPYon tokens by providing SPY shares (if SPYon is trading at a premium) or redeem SPYon for SPY shares (if SPYon is trading at a discount). This profit-seeking activity naturally pushes the token's price back into alignment with the underlying asset, ensuring a stable peg.
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