Price change (24h):
0.29%
High (24h):
$486.97
Low (24h):
$476.33
Volume (24h):
$58.74K
Market Cap:
$9.19M
All Time High:
9.94% $537.58
Jun 1, 2026
All Time Low:
19% $407.37
Mar 31, 2026
0.00 %(1Y)
$484.03
Price change (24h):
0.29%
High (24h):
$486.97
Low (24h):
$476.33
Volume (24h):
$58.74K
Market Cap:
$9.19M
All Time High:
9.94% $537.58
Jun 1, 2026
All Time Low:
19% $407.37
Mar 31, 2026
iShares Russell 1000 Growth Tokenized ETF (Ondo) is a cryptocurrency. The ticker IWFon identifies a fully collateralized token wrapper that mirrors the iShares Russell 1000 Growth ETF, slotting directly into the real-world asset and tokenized exchange-traded fund categories. Ondo Finance engineered the instrument to live on public ledgers while remaining tethered to the conventional equity market structure.
The token functions as a direct on-chain claim for the IWF portfolio, giving the bearer economic exposure that tracks the ETF’s price moves and automatically reinvests dividends. Ondo’s global markets framework lets non-U.S. retail and institutional participants mint or redeem the asset around the clock during the five-day trading week, accessing the same underlying exchange liquidity that traditional brokerages tap. Geographic gatekeeping that once blocked international capital from U.S. growth equities dissolves when the fund is tokenized this way.
The multi-chain instrument operates on Ethereum, Solana, and BNB Smart Chain networks simultaneously. Three native contracts anchor the identical ownership right. Because no single consensus mechanism governs the token itself, each chain settles transfers according to its own protocol rules while the wrapper’s economic linkage stays uniform.
On Ethereum the token adheres to the ERC-20 standard, on BNB Chain it follows BEP-20, and on Solana it runs as an SPL asset. The EVM-compatible deployments slot cleanly into decentralized exchanges, automated market makers, and lending pools that parse the same bytecode. Solana’s low-latency runtime delivers near-instant settlement and sub-cent transaction costs, a pairing that suits arbitrageurs who exploit cross-chain price dislocations. No staking or protocol-level consensus participation is assigned to the token; it remains a pure tracking instrument.
Ondo Finance issued the token without a named individual founder, rooting the product in the firm’s broader push to encase conventional securities inside blockchain-native formats. The early design phase narrowed in on regulatory wrappers that could satisfy compliance barriers while keeping the asset freely portable. Eligibility restrictions remain jurisdictional: U.S. persons face minting blackouts, though secondary market trading may occur where local laws permit.
The long-range ambition is to widen the investor funnel for American growth stocks by converting ownership into cryptographically auditable bearer tokens. Instead of reconstructing the ETF’s mechanics, Ondo replicates its economic performance on permissionless rails, unbundling Russell 1000 Growth exposure from legacy brokerage logins and cross-border clearing delays. Compliance checks still sit at the mint-and-redeem gate, preserving the link to regulated share custodians.
IWFon behaves as a straightforward receipt token. The wallet that holds a balance controls the attached economic claim, while mint and redemption flows execute through Ondo’s front-end against net asset value plus any applicable fee. No governance voting rights, protocol emission, or fee-switch logic is encoded; the contract’s solitary job is to echo the total return of the ETF.
A fund manager seeking unadulterated U.S. growth-beta can custody the token inside a non-custodial wallet, bridge it across chains, or post it as collateral in DeFi protocols that accept tokenized securities. Liquidity providers arbitrage narrow spreads between on-chain trading pairs and the primary ETF market, and institutional treasuries route idle capital through the wrapper to bypass cumbersome international broker setups.
IWFon has a total supply of 18,980.80 tokens. Currently, 18,980.80 are in circulation, leaving no locked or unissued reserve. The outstanding count shifts only when authorized mints or redemptions fire through Ondo’s regulated process; no hard-coded inflation or burn schedule constrains the figure. With a market capitalization of $9,019,461.00, iShares Russell 1000 Growth Tokenized ETF (Ondo) ranks #1,275 among all cryptocurrencies.
| Date | Open | Close | High | Low |
|---|---|---|---|---|
| 08/07/2026 | $486.40 | $478.85 | $486.97 | $476.33 |
| 07/07/2026 | $490.96 | $486.87 | $492.81 | $485.15 |
| 06/07/2026 | $482.87 | $491.25 | $492.82 | $481.85 |
| 05/07/2026 | $484.85 | $482.49 | $485.48 | $481.84 |
| 04/07/2026 | $485.22 | $484.93 | $485.51 | $481.84 |
| 03/07/2026 | $482.59 | $482.12 | $485.37 | $481.63 |
| 02/07/2026 | $493.83 | $482.02 | $497.10 | $481.87 |
| 01/07/2026 | $495.91 | $493.83 | $497.25 | $493.64 |
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