Key takeout
- CyberHornet submitted to launch three ETFs, combining S&P 500 shares with ether, Solana and XRP futures, with a 75/25 allocation.
- The proposed ETF charges a 0.95% management fee, monthly rebalancing, and provides crypto exposure through direct and futures investments.
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Cyber Hornet Trust is seeking regulatory approval for three new replacement products designed to track the S&P CME 75/25 blend index for the S&P 500 and S&P CME 75/25 blend index, according to a recent SEC filing.
The proposed ETFs are the Cyber Hornet S&P 500 and Ethereum 75/25 Strategic ETF (EEE), Cyber Hornet S&P 500 and Solana 75/25 Strategic ETF (SSS), and Cyber HONET S&P 500 and XRP 75/25 Strategic ETF (XXX).
Each vehicle allocates approximately 75% of its assets to large US stocks on the S&P 500, and approximately 25% to futures contracts referring to Ethereum, Solana, or XRP, depending on the fund. All three ETFs charge a 0.95% administrative fee, as revealed in the filing.
The fund maintains target allocations through monthly rebalancing, but advisors can adjust this based on market conditions. For the cryptographic portion, exposure is obtained through direct purchases, CME futures contracts, and exchange-selling products.
Cryptocurrency investments can be made directly on platforms such as Coinbase and Kraken. Futures jobs are managed through a Cayman Islands subsidiary and supported by the short-term US Treasury Department.
If approved, funds will be listed on NASDAQ Exchange and shares are only available through secondary market transactions, not directly redemption.
CyberHornet Trust currently manages the S&P 500 and Bitcoin 75/25 Strategic ETF (BBB), introduced in late 2023, exceeding $6 million as of September 26th.
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