Cyber Hornet files for ETFs blending S&P 500 with Ether, XRP, and Solana futures
New ETFs aim to attract mainstream investors by mixing US equities with digital assets through monthly rebalancing and managed exposure strategies.
Key Takeaways
- Cyber Hornet has filed to launch three ETFs combining S&P 500 stocks with Ether, Solana, and XRP futures in a 75/25 allocation.
- The proposed ETFs will charge a 0.95% management fee, rebalance monthly, and provide exposure to crypto through direct and futures investments.
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Cyber Hornet Trust is seeking regulatory approval for three new exchange-traded products designed to track the S&P 500 and the S&P CME 75/25 Blend Indexes for Ethereum, XRP, and Solana futures, according to a recent SEC filing.
The proposed ETFs are the Cyber Hornet S&P 500 and Ethereum 75/25 Strategy ETF (EEE), the Cyber Hornet S&P 500 and Solana 75/25 Strategy ETF (SSS), and the Cyber Hornet S&P 500 and XRP 75/25 Strategy ETF (XXX).
Each vehicle will allocate about 75% of assets to large-cap US equities in the S&P 500 and about 25% to futures contracts referencing Ethereum, Solana, or XRP, depending on the fund. All three ETFs will charge a 0.95% management fee, as revealed in the filing.
The funds maintain their target allocation through monthly rebalancing, though the adviser may adjust this based on market conditions. For the crypto portion, exposure is gained through direct purchases, CME futures contracts, and exchange-traded products.
Crypto investments may be made directly on platforms like Coinbase and Kraken. Futures positions are managed through a Cayman Islands subsidiary and backed by short-term US Treasuries.
If approved, the funds will be listed on the Nasdaq exchange, with shares available only through secondary market transactions rather than direct redemption.
Cyber Hornet Trust currently manages the S&P 500 and Bitcoin 75/25 Strategy ETF (BBB), introduced in late 2023, with net assets exceeding $6 million as of September 26.
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