Amid the approval of the spot Ethereum ETF by the U.S. SEC on Thursday, May 23, Ethereum-beta Ondo Finance cryptocurrency surged to its new all-time high levels. In the last 24 hours, the ONDO price has surged more than 8% rallying all the way to $1.15 and hitting a market cap of over $1.5 billion. Also, the daily trading volume for ONDO has skyrocketed by a staggering 130% to $455,519,046.