ITOTon Slippage Calculator
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How Slippage Works
Based on article data, ITOTon shows extremely high slippage (5-10%+) due to minimal liquidity. When you trade, you pay more than the listed price because there aren't enough buyers to absorb your order. This tool demonstrates how much you'll actually pay based on current market conditions.
Real-world example: Investing $500 at $153 per token would normally get you 3.27 tokens. With 5% slippage, you'd only get 3.10 tokens, effectively paying $158 per token - a 3.3% price increase.
There’s a new name floating around crypto forums that sounds like a mashup of Wall Street and Web3: ITOTon. It’s not another meme coin. It’s not a DeFi protocol. It’s a tokenized version of one of the most boring, reliable ETFs in the U.S. market-the iShares Core S&P Total US Stock Market ETF (ITOT). And it’s live on Ethereum. But here’s the catch: if you’re hoping to trade it like Bitcoin or even Solana, you’re going to be disappointed.
ITOTon isn’t a coin. It’s a digital share of the U.S. stock market.
ITOTon is an ERC-20 token created by Ondo Finance in partnership with BlackRock. It’s not a cryptocurrency in the traditional sense. It doesn’t have a mining algorithm, a decentralized community, or a vision to replace banks. Instead, it’s a blockchain-backed representation of the actual iShares ITOT ETF, which tracks the entire U.S. stock market-from Apple and Microsoft down to tiny regional banks. Every ITOTon token is backed by real shares held in BlackRock’s vaults. When the ETF pays dividends, those are reinvested and reflected in the token’s value.
That’s the big idea: let crypto investors buy exposure to the U.S. stock market without opening a brokerage account. No Fidelity. No Charles Schwab. Just connect your wallet, do a quick KYC through Ondo, and hold a token that moves in sync with the S&P Total US Stock Market Index.
Price, supply, and liquidity-what the numbers really show
As of early November 2025, ITOTon trades between $149 and $156 across platforms. CoinMarketCap lists it at $149.39, CoinGecko at $156.28. That’s not a glitch-it’s a sign of broken price discovery. With only $0 to $10.34 traded in 24 hours, there’s almost no market activity. That’s less than the cost of a coffee on Coinbase.
The total supply is 68,872.83 tokens. That’s it. Only 34 wallets hold any of them. For comparison, Bitcoin has over 100 million addresses. ITOTon’s market cap? Just $10.28 million. That’s less than a single small-cap crypto. It’s ranked #1132 out of thousands of tokens.
Even the blockchain details are messy. Most tokens (68,871.16) live on Ethereum. But 1.67 tokens are on BNB Chain, added in October 2025. That’s not scaling-it’s fragmentation. If you’re trying to trade ITOTon, you need to know which chain you’re on. Mistake the network? Your transaction fails.
Who’s actually holding ITOTon?
Not retail investors. Not even close.
According to RWA.xyz, the holder count rose from 21 to 34 in the last month. That sounds like growth-until you realize that’s still only 34 people. The 24-hour trading volume? Near zero. Most of those holders are likely institutional wallets, hedge funds, or early adopters testing the waters. Retail users? They’re getting burned.
On Reddit, one user tried to buy $500 worth of ITOTon. Slippage hit 5.3%. That means they paid 5% more than the quoted price just to get in. Another tried $1,000. The transaction failed three times. Coinbase reviews average 2.8/5 stars. Common complaints: “Impossible to trade without massive slippage,” “Feels like an institutional product mistakenly listed for retail.”
There’s no community. No active Discord. Only 17 Twitter followers. Support takes 72 hours to respond. This isn’t a crypto project-it’s a lab experiment.
Why does this even exist?
BlackRock and Ondo didn’t build ITOTon to make money from retail traders. They built it to test whether regulated financial products can live on blockchain.
It’s a proof-of-concept. A legal and technical sandbox. The token operates under U.S. Securities Act Regulation S, with jurisdiction in the British Virgin Islands. That means it’s not available to U.S. retail investors. Only non-U.S. accredited investors can buy it. So even if you wanted to, you’re legally blocked if you live in America.
This isn’t about democratizing finance. It’s about seeing if Wall Street can digitize its assets without breaking compliance. The goal? To eventually let pension funds, sovereign wealth funds, and family offices move trillions of dollars on-chain-without touching a traditional broker.
How does ITOTon compare to other tokenized assets?
ITOTon isn’t alone. Franklin Templeton has FRM, a tokenized money market fund. Hashdex has BTCIT, a tokenized crypto index. But ITOTon is different-it’s not a fund of assets. It’s a direct replica of a single, massive ETF. That makes it more complex to back and more sensitive to market volatility.
Unlike Bitcoin or Ethereum, ITOTon’s value doesn’t come from network effects. It comes from the underlying ETF. If the S&P Total US Stock Market Index drops 2%, ITOTon drops 2%. No speculation. No hype. Just math.
But here’s the problem: crypto markets are built for speculation. ITOTon is built for stability. That mismatch creates chaos. When traders try to move large amounts, there’s no depth. Prices swing wildly. Slippage kills returns. The token can’t function as a trading pair, a collateral asset, or a liquidity pool. It’s stuck.
What are the real risks?
First, liquidity. If you need to sell, you might not find a buyer. Or if you do, you’ll lose 5-10% in slippage. That’s not a feature-it’s a flaw.
Second, regulation. The SEC warned in October 2025 about improper marketing of tokenized securities to retail investors. Ondo hasn’t been fined-but that doesn’t mean it’s safe. If regulators crack down, ITOTon could be delisted from every exchange overnight.
Third, technology. Even if you get past the legal and liquidity issues, you still need to manage a wallet, understand gas fees, bridge funds between chains, and avoid phishing scams. Most people don’t know how to do any of that.
And fourth, adoption. Only 0.02% of crypto users hold any tokenized security. That’s one in 5,000. The market is still in its first week.
Should you buy ITOTon?
If you’re a retail investor looking to grow your crypto portfolio? No.
If you’re a crypto-native investor who wants exposure to U.S. equities without a brokerage account? Maybe-but only if you’re prepared to lock it up for years and accept zero liquidity.
If you’re an institutional player testing blockchain infrastructure? Then ITOTon is a fascinating case study. You have the capital to absorb slippage, the legal team to navigate Reg S, and the patience to wait for liquidity to improve.
Right now, ITOTon isn’t an investment. It’s a milestone. A signal. A baby step from Wall Street into crypto.
BlackRock is betting that one day, ETFs like this will be traded on-chain like stocks are today. But that day isn’t here. Not even close.
The real question isn’t whether ITOTon will go up. It’s whether anyone will ever be able to sell it without losing half their money.
What’s next for ITOTon?
Ondo’s roadmap says they’re working on cross-chain liquidity solutions and institutional custody integrations by Q2 2026. That’s the only path forward. Without liquidity, ITOTon is just a digital paperclip.
If they succeed, ITOTon could become a bridge between traditional finance and crypto. If they fail? It’ll be another footnote in crypto’s graveyard of “innovations” that looked good on paper but collapsed under real-world friction.
For now, treat ITOTon like a museum piece. Interesting to look at. Not something you’d actually wear.
Is ITOTon a real cryptocurrency?
No. ITOTon is not a cryptocurrency. It’s a tokenized security that represents ownership in the iShares Core S&P Total US Stock Market ETF. It doesn’t have its own blockchain, mining, or decentralized governance. It’s a digital version of a traditional ETF, built on Ethereum.
Can I buy ITOTon on Coinbase or Binance?
You can’t buy ITOTon directly on Coinbase or Binance. It’s only listed on a few decentralized exchanges like Uniswap and SushiSwap, and even then, trading volume is near zero. Most retail traders can’t complete purchases due to extreme slippage and low liquidity.
Is ITOTon legal for U.S. investors?
No. ITOTon operates under U.S. Securities Act Regulation S, which restricts sales to non-U.S. investors only. U.S. residents are legally prohibited from purchasing ITOTon, even if they find a way to access it.
How is ITOTon backed by the real ETF?
Ondo Finance holds the actual shares of the iShares ITOT ETF in custody. For every ITOTon token issued, an equivalent amount of the real ETF is purchased and stored. Dividends from the ETF are reinvested, and the token’s value tracks the ETF’s net asset value (NAV) in real time.
Why is the trading volume so low?
The trading volume is low because there are only 34 holders, and most are institutional. There’s no demand from retail traders due to high slippage, complex onboarding, and limited exchange availability. Without liquidity, no one wants to trade it-and without traders, liquidity won’t grow.
Can I use ITOTon in DeFi protocols like lending or staking?
Currently, no. ITOTon is not integrated into any major DeFi protocols. Its low liquidity, regulatory status, and lack of demand make it unsuitable as collateral or a staking asset. Even if you wanted to use it, most DeFi platforms won’t accept it due to compliance risks.
What’s the long-term future of ITOTon?
Its future depends entirely on BlackRock and Ondo’s ability to solve liquidity. If they can integrate ITOTon into institutional custody systems and enable large-scale transfers on-chain, it could become a standard. But if liquidity stays under $10 per day, it will remain a curiosity-useful only as a case study in how hard it is to bring Wall Street onto blockchain.
alvin Bachtiar
Let’s be real - ITOTon isn’t an investment. It’s a regulatory loophole wrapped in blockchain glitter. BlackRock didn’t build this for you. They built it to test how far they can stretch SEC rules before someone notices. And guess what? The market’s already noticing. 34 wallets. $10M cap. Less liquidity than a meme coin with a dead Discord. This isn’t Web3. It’s Wall Street in a hoodie pretending it’s cool.
Slippage at 5%? That’s not a feature - it’s a red flag screaming ‘DO NOT TOUCH.’ If you’re retail and you’re even thinking about buying this, you’re not investing. You’re funding someone else’s compliance sandbox. And you’re paying for the privilege.
Also - why is 1.67 tokens on BNB Chain? That’s not innovation. That’s a dev team too lazy to clean up their mess. Fragmentation like this is how you kill adoption before it even starts.
ITOTon is the crypto equivalent of a Rolex made of plastic. Looks fancy. Doesn’t tell time.
🚀 #RegSIsNotAFeature
DeeDee Kallam
i just tried to buy 50 bucks of it and my wallet crashed. like. literally. i thought my metamask was hacked but nooo it was just ITOTon being its usual self. why does this even exist?? i just wanna moon with my dogecoin and now i got this fancy paperclip token that costs more to trade than it’s worth. i’m so mad. i feel used. 😭
Debby Ananda
Oh honey. You think this is bad? Wait until you see what happens when the SEC realizes someone’s been marketing this to ‘crypto natives’ as if it’s a ‘decentralized asset.’
BlackRock didn’t create ITOTon to democratize finance. They created it to see if they can tokenize their entire ETF lineup without getting sued. And they’re testing it on the dumbest possible audience - people who think ‘ERC-20’ means ‘free money.’
This isn’t finance. It’s performance art. And we’re all just extras in a corporate drama where the script was written by lawyers.
💎 #CryptoIsDeadLongLiveRegS
Malinda Black
I get why this feels frustrating. But let’s not throw the baby out with the bathwater. This is the first time a major asset manager has tried to bridge Wall Street and blockchain without a full-scale scam. Yes, liquidity is trash. Yes, it’s only for non-US accredited investors. But that’s the point - they’re being cautious.
Imagine if they launched this to everyone tomorrow? Chaos. Scams. Pump-and-dumps. They’re doing the responsible thing: slow, controlled, legal.
Maybe ITOTon never goes viral. Maybe it stays a niche tool for institutions. But if it works? It could change how trillions move forever. That’s worth waiting for.
Don’t hate the experiment. Be patient. The future doesn’t always shout. Sometimes it whispers… in a smart contract.
Genevieve Rachal
Oh please. ‘Institutional sandbox’? That’s just corporate speak for ‘we’re using you as guinea pigs.’
You think these ‘accredited investors’ are sitting there sipping tea while ITOTon trades at $149? No. They’re buying in bulk at $140, dumping on retail at $156, then vanishing when the slippage hits 8%.
This isn’t innovation. It’s predatory. They’ve created a product so illiquid that only they can profit from it. And they’re calling it ‘financial inclusion’?
Wake up. This isn’t Web3. It’s Wall Street’s new Ponzi scheme - with a blockchain logo on the side.
Josh Serum
Hey, I just want to say - I really appreciate this breakdown. You’re right about the liquidity. I’m not a crypto guy, but I’ve been watching this for months. The fact that the trading volume is lower than a coffee order on Coinbase? That’s not a bug - it’s a feature of the design.
People think blockchain means ‘decentralized freedom.’ But ITOTon is the opposite. It’s hyper-centralized. BlackRock holds the shares. Ondo controls the minting. The KYC is mandatory. The jurisdiction is offshore. It’s a corporate asset with a blockchain wrapper.
And honestly? That’s kind of beautiful. It’s not trying to be Bitcoin. It’s trying to be the future of institutional capital. And if you’re not an accredited investor? You’re not supposed to be here. That’s not exclusion - it’s regulation.
Maybe we’re all just too used to crypto being a free-for-all. ITOTon is the first time Wall Street said, ‘We’re coming in - and we’re bringing our lawyers.’
Respect the process. Even if it’s boring.
Elizabeth Melendez
Okay I just wanna say I’m so proud of how far we’ve come 🥹
Like, remember when people thought crypto was just for hackers and drug dealers? Now we have a tokenized version of the entire U.S. stock market running on Ethereum. That’s wild. Even if it’s messy. Even if it’s slow. Even if you can’t trade it without crying.
ITOTon isn’t for me. I don’t have $250k to be accredited. But I’m still here, cheering it on. Because one day, someone’s kid is gonna say, ‘Mom, how did we get from Bitcoin to this?’ And you’re gonna say, ‘Baby, we started with ITOTon.’
It’s not perfect. But it’s real. And real things take time.
Keep building. I believe in you, Ondo. And you, BlackRock. Even if you’re just hiding behind Reg S.
💖 #CryptoIsNotDeadJustGettingDressed
Nadiya Edwards
They let foreigners buy this but not Americans? That’s not innovation. That’s betrayal. This is MY market. My economy. My retirement. And now some offshore shell company is letting Germans and Saudis buy a piece of it while I’m locked out?
This isn’t finance. This is colonialism with a wallet.
BlackRock doesn’t care about you. They care about capital. And if your passport says USA? You’re not capital. You’re noise.
They’re building a new financial empire - and you’re not invited.
Wake up. This isn’t Web3. It’s the final stage of American economic decline.
ISAH Isah
ITOTon is not about trading. It is about observation. The blockchain is not a marketplace. It is a ledger. A record. A mirror. What we see here is not a failure. It is a reflection. The market does not want this. The people do not want this. The regulators do not want this. Yet it exists. Why? Because power does not ask permission. It simply records. And waits.
One day the ledger will be full. One day the institutions will move. One day the price will not matter. Because the record will be immutable. And then you will understand why this was never meant for you.
But you will still try to buy it. Because you do not understand. And that is your tragedy.
Phil Higgins
Let’s pause for a second. This isn’t about whether ITOTon will succeed or fail. It’s about what it reveals about us.
We live in an age where we demand decentralization but still crave stability. We want crypto without volatility. We want Wall Street without the brokers. We want the safety of the S&P 500… but with a blockchain badge on it.
ITOTon is the collision of two worlds that were never meant to touch.
And that’s beautiful. Even if it’s broken.
Maybe the real innovation isn’t the token. It’s the tension. The friction. The awkwardness. That’s where change lives - not in perfect systems, but in the messy, uncomfortable middle.
So don’t laugh at ITOTon. Watch it. Learn from it. And ask yourself: What am I really trying to build - or escape from?
Bhavna Suri
This is not good. Very bad. Why no people trade? Why only 34 wallets? This is not cryptocurrency. This is paper with numbers. Not real. Not useful. Waste of time. I think someone make money from this. Not me. I go to sleep now.
Ron Cassel
ITOTon is a Trojan horse. BlackRock didn’t come to play. They came to conquer. They know retail traders are desperate for ‘real assets’ in crypto. So they give us a fake one - perfectly legal, perfectly boring, perfectly untradeable.
And then they sit back and watch us fight over a $10M token like it’s the next Bitcoin.
They don’t need liquidity. They don’t need volume. They just need us to believe this is real. To keep talking about it. To keep it on CoinMarketCap.
It’s not an ETF. It’s a psychological weapon.
They’ve weaponized hope. And we’re all happily swallowing it.
Mehak Sharma
Let me tell you something - ITOTon is not about money. It’s about legacy.
Think about it. For centuries, the U.S. stock market has been the engine of global wealth. Now, for the first time, that engine is being digitized - not by some anonymous dev, but by BlackRock. The most powerful asset manager on Earth.
Yes, the volume is low. Yes, the slippage is insane. Yes, you can’t buy it if you live in America.
But what if - just what if - this is the first brick in a new foundation? What if, in 2030, every pension fund, every sovereign wealth fund, every family office moves trillions on-chain - and ITOTon is the first one they ever touched?
This isn’t a token. It’s a seed. And seeds don’t bloom overnight.
Be patient. Be curious. Don’t throw it away because it’s quiet.
Eliane Karp Toledo
ITOTon is a government-backed crypto scam disguised as innovation. You think Ondo is legit? They’re a front for the Fed’s shadow banking project. The 34 wallets? All controlled by the same entity. The ‘Reg S’ loophole? A legal shell to bypass U.S. oversight. The ‘tokenized ETF’? A front for quantitative easing on steroids.
They’re printing digital dollars under the guise of equity. And you’re all too busy arguing about slippage to see the real game.
Wake up. This isn’t blockchain. It’s the end of money as we know it. And you’re being trained to accept it.
Chris Strife
ITOTon is a joke. 34 wallets. $10 million market cap. No volume. No community. No future. This is what happens when Wall Street tries to be cool. They fail. Hard. And now they’re pretending it’s a ‘case study.’
It’s not. It’s a corpse. And you’re all standing around it taking selfies.
Next time, just buy SPY. It’s cheaper. It’s real. And it doesn’t need a blockchain to be legitimate.
Eli PINEDA
so like… if i buy it and then the s&p drops 5%… does it just drop 5%? like instantly? no lag? no delay? what if my wallet is offline? does it still update? is it like… a live feed? or is it just… a photo of the price? i’m confused. help.
Helen Hardman
I just want to say - I love this so much. Not because it’s perfect. Not because it’s easy. But because it’s trying. So many people in crypto just want to get rich fast. But ITOTon? It’s slow. It’s quiet. It’s boring. And that’s brave.
Imagine if every crypto project took this seriously? No hype. No promises. Just a real asset, on-chain, with real custody, real compliance, real transparency.
Yes, the liquidity is trash. Yes, you can’t trade it without crying. But think about what this could become. What if, in five years, every ETF is tokenized? What if your 401k is on Ethereum? What if your kid buys a share of Apple with a wallet instead of a brokerage app?
This is the quiet revolution. The one no one’s cheering for. But it’s happening.
Don’t laugh. Don’t rage. Just watch. Because the future doesn’t always come with a whitepaper. Sometimes it comes with a 0.0001% trading volume… and a whole lot of patience.
Vicki Fletcher
Author here - just wanted to say thank you for the thoughtful replies. I didn’t expect this post to blow up. I thought I was writing a niche deep dive. But you all? You’re seeing what I saw - this isn’t about ITOTon. It’s about the collision of two worlds that don’t trust each other.
Wall Street sees crypto as chaotic. Crypto sees Wall Street as corrupt. ITOTon is the awkward handshake between them.
I’m not saying it’s going to work. But I’m saying: pay attention. Because if this fails? We’ll know exactly why. And if it succeeds? It’ll change everything.
Keep asking questions. Keep doubting. Keep pushing. That’s how real change happens.
- The guy who wrote the post. Yes, I’m real. No, I don’t own any ITOTon. 😅