Main takeout
- Cyber Hornet submitted S & P 500 stocks to launch three ETFs combined with Ether, Solana and XRP futures with 75/25 allocation.
- The proposed ETF charges a 0.95%management fee, re -adjusts each month, and provides exposure to encryption through direct and futures investment.
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According to a recent SEC submission, CYBER Hornet Trust is seeking regulatory approval for three new exchange transactions designed to track S & P 500 and S & P 500 and S & P 75/25 Blend Index for Ethereum, XRP and Solana futures.
The proposed ETFs are 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 Hornet S & P 500 and XRP 75/25 Strategic ETF.
Each vehicle allocates about 75%of its assets to large US stocks of S & P 500 for futures contracts referring to Ethereum, Solana or XRP, depending on the fund. Three ETFs claim a 0.95%management fee, as shown in the submission.
Funds maintain their target allocation by re -adjusting monthly, but torture can adjust this according to market conditions. In the case of encryption, exposure is made through direct purchase, CME futures contracts and exchange trading products.
Encryption investments can be made directly on platforms such as Coinbase and Krake. Futures positions are managed by the K -Man Islands subsidiary and are supported by the short -term US Treasury.
If it is approved, the funds are listed on NASDAQ Exchange, and stocks are provided only through secondary market transactions rather than direct repayment.
Cyber Hornet Trust manages S & P 500 and Bitcoin 75/25 Strategic ETF (BBB), which is currently introduced in late 2023, and as of September 26, net assets exceed $ 6 million.
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