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Cyber Hornet Files for S&P 500 ETFs Linked with XRP, Ethereum, and Solana

Highlights:

  • Cyber Hornet files with the SEC to launch a 75/25 ETF mixing XRP and the S&P 500.
  • The ETFs include flexible rebalancing, 0.95% fees, and direct XRP exposure options.
  • Expansion also includes Ethereum and Solana funds, which reflect growing cryptocurrency adoption beyond Bitcoin.

Cyber Hornet ETFs has filed with the US Securities and Exchange Commission (SEC) to launch the Cyber Hornet S&P 500 and XRP 75/25 Strategy ETF. The filing, submitted on September 26, seeks approval to list and trade the product on the Nasdaq stock exchange under the ticker “XXX.” As the name suggests, the ETF will provide a 75% exposure to the S&P 500 and 25% exposure to XRP, offering investors a blend of traditional markets and cryptocurrency.

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Cyber Hornet ETF Structure, Fees, and Growing Market Interest

Cyber Hornet will rebalance the funds every month to keep the 75/25 ratio. This way, investors always get the right exposure. The filing also says the company can change the percentage in the future. This gives Cyber Hornet freedom to adjust if needed. The 25% XRP portion will be made up of spot XRP and futures. Cyber Hornet can also buy ETFs linked to XRP. This ensures the XRP part closely follows the asset’s real performance.

If approved, the XXX ETF will charge a 0.95% yearly management fee. An investor putting in $10,000 will pay about $100 in one year. Over three years, the total fee would be around $312. Eligible investors can directly buy up to 25,000 shares of the XXX ETF. Other buyers can purchase the shares in the open market. 

Cyber Hornet’s Expansion to Ethereum and Solana

The filing for the Cyber Hornet S&P 500 and XRP 75/25 Strategy ETF comes at a time of rising interest in XRP on Wall Street. Earlier XRP-focused ETF launches have already seen positive results. Now, asset managers are looking for new ways to mix cryptocurrency with traditional assets.

The firm has also filed with the US SEC for two more funds. These are the Cyber Hornet S&P 500 and Ethereum 75/25 Strategy ETF and the Cyber Hornet S&P 500 and Solana 75/25 Strategy ETF. Both products will be listed on Nasdaq along with the XRP ETF, if approved. The new Ethereum and Solana funds will follow the same distribution, fees, and management methods as the XRP ETF. However, they will buy and sell Ethereum through Coinbase and Kraken. This latest batch of ETF applications shows a push to expand cryptocurrency adoption beyond Bitcoin.

These ETFs belong to the One Fund Trust. Cyber Hornet filed them as 485APOS amendments. This type of filing lets new ETFs be added to an existing structure. That can help the SEC review the applications more quickly. Each fund will be rebalanced once a month to keep the target mix. The SEC has about 75 days to give a response, unless the process is made faster. October will be important because several XRP ETF decisions are due.

XRP ETF Decision Could Change Market Future

If approved, the ETFs could attract big institutional investors like pension funds and hedge funds. This would move XRP and other cryptocurrencies beyond a mostly retail market into one with wider participation. An approval could increase confidence and trading activity. A rejection, however, could push XRP prices down in the short term and keep its regulatory uncertainty going.

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