TLDR
- Cyber Hornet has submitted to Sec to start an ETF that combines the S&P 500 exposure with XRP futures and assets.
- The proposed XRP ETF will distribute 75% to S&P 500 shares and 25% to XRP futures traded on CME.
- The notification also contains two other products focused on Ethereum and Solana, according to the same structure.
- The three ETFs will have an annual management fee of 0.95% without shareholders’ transaction fees.
- If approved, the ETFs will shop at Nasdaq, which means that retail investors can buy and sell shares that listed shares.
Cyber Hornet has submitted to the US Securities and Exchange Commission (SEC) to launch a new stock exchange traded fund (ETF). ETF combines exposure to thE S&P 500 with XRP. The notification also contains two more products with similar structures. If approved, Cyber Hornet S&P 500 and XRP 75/25 Strategy ETF will shop under the ticker “XXX.”
Cyber Hornets XRP ETF and S&P 500 strategy
Cyber Hornet XRP ETF aims to replicate the performance of the S&P 500 and S&P XRP Futures 75/25 Blend Index. ETF allocates 75% of assets to S&P 500 shares and 25% to XRP FuturesWhich will be traded on Chicago Mercantile Exchange (CME).
ETF will invest directly in XRP in addition to XRP futures and may also use stock exchange-traded products that track XRP. Cyber Hornet’s goal is to give investors exposure to both traditional equities and digital assets. Since ETF would integrate XRP into a traditional S&P 500 strategy, it offers a new investment method.
SEC’s approval of this ETF would highlight a significant development for Cryptocurrency-based agents. From now on, this would be the first regulated ETF to include XRP. Cyber Hornet’s archiving shows its intention to attract investors seeking exposure to digital access through an established index.
Ethereum and Solana ETFS in Cyber Hornet’s offer
Cyber hornet’s filings Also suggests two other products, each combines the S&P 500 exposure with another cryptocurrency. Cyber Hornet S&P 500 and Ethereum 75/25 Strategy ETF will shop under Ticker “Eee.” Like XRP ETF, this fund will also assign 75% to S&P 500 shares and 25% to Ethereum -Futures.
For Ethereum, ETF will use Ether Futures traded on CME. The fund will also hold direct Ethereum assets to maintain exposure. The third product, Cyber Hornet S&P 500 and Solana 75/25 Strategy ETF, will shop under Ticker “SSS.” This ETF will track the S&P Solana Futures index to get exposure to Solana.
Both Ethereum and Soana ETFS will follow the same design as XRP ETF. They will combine shares with Cryptocurrency Futures contracts, which gives a diversified investment method. These funds aim to meet investors who seek a balance between traditional and digital asset investments.
Details of cyber hornets etf -offers
The three ETFs will have an annual management fee of 0.95%, without shareholders’ transaction fees. For example, an investment of $ 10,000 would entail about $ 100 in fees after one year. After three years, the fees would amount to about $ 312.
The funds will re -balance each month to maintain their allocation of 75/25. Cyber Hornet also reserves the option to adjust more often during periods of volatility. If approved, these ETFs will be available for trading in Nasdaq, which allows investors to buy and sell shares like all other listed shares.
