\documentclass{article}
\usepackage{soul}
\usepackage[acronym,shortcuts]{glossaries}
\makeglossaries
\newacronym{OFDM}{OFDM}{Orthogonal Frequency Division Multiplexing}
\begin{document}
Test~1: \caps{OFDM}
Test~2: \caps{\glsentrytext{OCDM}}
Test~3: \expandafter\caps\expandafter{\glsentrytext{OCDM}}
\edef\tmp{\glsentrytext{OCDM}}
Test~4: \expandafter\caps\expandafter{\tmp}
\end{document}