Cyber Hornet Seeks SEC Approval for Crypto ETFs

Cyber Hornet has submitted an application to the SEC seeking approval for three new ETFs that will combine the S&P 500 with XRP, Ethereum, and Solana respectively.

These ETFs could significantly impact markets by blending traditional equities with digital currencies, potentially influencing investor strategies and liquidity patterns across various trading platforms.

Cyber Hornet Push for Crypto-Integrated ETFs

Cyber Hornet has filed with the U.S. Securities and Exchange Commission to gain approval for three unique exchange-traded funds (ETFs). These ETFs will combine the S&P 500 index with cryptocurrencies like XRP, Ethereum, and Solana. CyberHornet mutual fund prospectus information is available for further details.

This filing represents an innovative approach by Cyber Hornet, aiming to integrate traditional equities with digital assets in a 75/25 allocation model. If approved, the ETFs will be listed on Nasdaq, with a management fee of 0.95%.

The application marks a pivotal moment for crypto and finance markets. If granted, it could significantly impact liquidity and demand for XRP, ETH, and SOL. The planned 75/25 allocation strategy introduces new investment options for traditional asset allocators.

“The novelty is the hybrid model combining traditional equity (S&P 500) with direct cryptocurrency and crypto futures allocation, which introduces new portfolio construction options for traditional and digital asset investors.” – Adopting Hybrid Models Report, Crypto Research Institute

These ETFs are expected to involve spot and futures contracts for XRP and ETH on the CME, alongside index-tracking ETPs for Solana. Market participants are watching closely for the SEC’s decision following prior approvals of similar Bitcoin and Ethereum ETFs.

Past SEC decisions on similar cryptocurrency-based financial products suggest a possible approval pathway. However, regulatory examinations, including analyses of previous trade patterns, indicate a cautious stance from the SEC on such proposals. The SEC’s comprehensive review could impose stocks or trading restrictions. The outcomes might reshape portfolio constructions as traditional and digital assets intertwine further, suggesting long-term shifts in asset management strategies.