Pantera Capital-backed Ondo Finance sees its ONDO token surge 20% to a record $1.16. This comes after SEC approval of spot ETFs on Ethereum, fueling market expectations for a future rally. Connection with BlackRock, the dominant force in the spot crypto market -ETF may influence investor sentiment However, despite the approval of spot ETFs on Ethereum, the SEC has not yet given any indication of the approval of spot ETFs on other altcoins.