Cyber Hornet Eyes 3 ETFs: Linking S&P 500 With XRP, Ethereum, and Solana

Cyber Hornet has filed with the U.S. Securities and Exchange Commission (SEC) for three new exchange-traded funds (ETFs)...

Quick overview

  • Cyber Hornet has filed for three new ETFs that combine S&P 500 exposure with cryptocurrencies XRP, Ethereum, and Solana.
  • The flagship fund will allocate 75% to S&P 500 stocks and 25% to XRP futures, with similar structures for the other two funds.
  • These ETFs will have a 0.95% annual management fee and will rebalance monthly, potentially more frequently in volatile markets.
  • If approved, the ETFs will list on Nasdaq, marking a significant step in the integration of traditional finance and digital assets.

Cyber Hornet has filed with the U.S. Securities and Exchange Commission (SEC) for three new exchange-traded funds (ETFs) that combine S&P 500 exposure with top cryptocurrencies. This is the first time the S&P 500 will be paired with XRP, Ethereum and Solana, as Wall Street benchmarks start to catch up with digital assets.

The flagship fund, the Cyber Hornet S&P 500 and XRP 75/25 Strategy ETF, will have 75% of its portfolio in S&P 500 stocks and 25% in XRP futures on the Chicago Mercantile Exchange (CME). The filing also allows for direct XRP holdings and related ETFs.

Two other funds will mirror this design:

  • Cyber Hornet S&P 500 and Ethereum 75/25 Strategy ETF (ticker “EEE”)
  • Cyber Hornet S&P 500 and Solana 75/25 Strategy ETF (ticker “SSS”)

Each will have exposure to U.S. equities and futures contracts for their respective digital currencies.

Structure, Fees and Performance

Cyber Hornet’s ETFs will rebalance monthly, with a fixed 75/25 allocation between equities and crypto. However, they may rebalance more frequently in volatile markets.

The fee structure is simple: 0.95% annual management fee with no shareholder transaction costs. According to the SEC:

  • A $10,000 investment would cost about $100 in fees after one year
  • Roughly $312 after three years

Ethereum will be managed through CME futures and direct holdings, Solana will track the S&P Solana Futures Index. The launch comes as Solana-based products are gaining traction, with REX-Osprey’s Solana staking ETF recently hitting record assets under management.

Nasdaq Listing and Market Impact

If approved, all three ETFs will list on the Nasdaq, where shares will trade like any other listed stock. Only authorized participants can create or redeem blocks of 25,000 shares directly with the funds, while retail investors will buy and sell shares on the open market.

This follows the SEC approval of Hashdex’s index ETF which included XRP and Solana, a sign of the regulatory trend towards more crypto inclusion. Cyber Hornet’s funds would be the first regulated ETFs to combine XRP, Ethereum and Solana with the S&P 500, and change the way investors can access crypto through traditional markets.

By combining equities with top digital assets, Cyber Hornet is leading the charge on the convergence of Wall Street and blockchain.

ABOUT THE AUTHOR See More
Arslan Butt
Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

Related Articles

HFM

Doo Prime

XM

Best Forex Brokers