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2h ago

Cyber Hornet Files 75/25 S&P 500–Crypto ETFs for XRP, Ether and Solana

Nasdaq listing would require SEC approval under the new generic ETF standard.

Cyber Hornet files for ETFs blending S&P 500 with Ether, XRP, and Solana futures
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Overview

  • The asset manager submitted SEC filings on September 26 for three funds that pair 75% S&P 500 exposure with 25% allocated to XRP, Ethereum or Solana through futures and potential direct holdings.
  • Proposed tickers are XXX for the XRP fund, EEE for the Ethereum fund and SSS for the Solana fund, with a 0.95% annual management fee, no shareholder transaction fees and monthly rebalancing.
  • The crypto sleeve would use CME-traded futures and may include direct purchases or exchange-traded products, with futures held via a Cayman subsidiary and collateralized by short-term U.S. Treasuries.
  • If approved, shares would list on Nasdaq and trade only in the secondary market, offering retail access similar to other listed ETFs.
  • Coverage notes a friendlier policy backdrop from the SEC’s Generic ETF Listing Standard, Blockonomi reports approval would create the first regulated ETF with XRP, and Cyber Hornet points to a 2024 Bitcoin 75/25 fund as its model.