Is VanEck CLO ETF (Ondo Tokenized Stock) a scam?

Asked about VanEck CLO ETF (Ondo Tokenized Stock) (CLOION), market cap rank #12196.

Short answer

VanEck CLO ETF (Ondo Tokenized Stock) (CLOION) has been scored on isthiscoinascam.com and has a low score, indicating elevated scam risk based on the available data.

Source: isthiscoinascam.com · Updated 2026-06-05

Red flags raised

  • Team is anonymous
  • No hard cap on total token supply
  • A single wallet holds over 10% of supply
  • Top 10 wallets hold more than 50% of supply
  • Top 10 wallets hold more than 70% of supply
  • Upgradable proxy
  • Very few unique holders
  • Very low on-chain liquidity

Team transparency

The VanEck CLO ETF (Ondo Tokenized Stock) team is anonymous — public identities are not on record.

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