CyberHornet submitted to the SEC to launch a unique ETF that combines the S&P 500 and XRP exposure. If approved, the fund is known under the ticker “xxx”. It aims to provide another tracking futures contract for the S&P 500 index and XRP (an investor return that closely corresponds to another tracking futures contract known as the S&P XRP Futures 75/25 Blend Index).
In that structure, 75% of the CyberHornet ETF portfolio will be allocated to S&P 500 shares, with the remaining 25% coming to XRP Futures at the Chicago Mercantile Exchange. The fund can either hold XRP directly or use ETPS to balance the exposure.
CyberHornet has listed two other similar products in SEC filing
Cyber Hornet is also available two More ETFs in work Ethereum and Solana. The Ethereum version is listed as “eee” and the Solana version is listed as “SSS”. All funds have a similar 75/25 model, mixing stocks and futures contracts. Ethereum exposure comes from CME ether futures and direct purchases. Meanwhile, the fund’s Solana share tracks the S&P Solana Futures Index. This move coincides with growing investor interest. Rex-Sosprey’s Solana Staking ETF has set a new asset record.
Investors pay a 0.95% management fee per year to Cyber Hornet ETFs, but there is no shareholder transaction fee. The SEC calculates that a $10,000 investment will cost around $100 in a year and $312 in three cases.
Additionally, ETFs rebalance monthly to keep the 75/25 split unharmed, but cyberhornets could be more frequently adjusted when the market becomes unstable.
Additionally, funds, like most ETFs, may trade something slightly higher or lower than the underlying value. The ETF is set up to trade on NASDAQ if approved. Individual investors trade stocks in the open market, and certified participants manage 25,000 shares creation and redemption units.
The filing shows that CyberHornet is pushing to link stock market benchmarks with crypto diversity. If launched, they will be the first funding to unite XRP, ETH and SOL in an S&P 500 performance.
The US SEC investigates trading activities before companies announce their ETF strategies
The US SEC is working with the Financial Industry Regulatory Authority (FINRA) to investigate potentially extraordinary transactions that took place just before companies announced their financial management and ETF strategies.
Investigators are investigating whether the transaction was made using privileged information, a potential case of insider trading or manipulation. A significant price rise in time sparked investigations before companies unveiled the Treasury and ETF strategies.
Analysts say the SEC is paying close attention to stranger trading patterns than ever before. As businesses adopt ETFs and digital assets for Treasury use, surveillance is tightened to protect market order. The probe remains in its early stages and has yet to provide enforcement, but it shows a more severe attitude towards potential abuse.
This study is based on the SEC’s ongoing view of the ETF structure and the quality of corporate transparency. Regulators have long been wary of sudden ETF volume jumps that do not match available information.
Still, the SEC has recently cleared the path of a wave of new exchange sales funds related to encryption. The agent has been approved Generic list standard fOr, since it is a product-based exchange-selling product, crypto funds can go through the approval process much faster.
As these standards now apply to Nasdaq, Cboe BZX and NYSE ARCA, issuers no longer require individual approval under section 19(b) of the Stock Exchange Act of 1934.
Previously, launching the Spot Crypto Fund required lengthy applications, public comments and SEC reviews. This is why almost all existing crypto ETFs focus on Bitcoin and ether. This is the largest digital asset by market capitalization.
The new approach aims to speed up launch timelines, reduce management costs, and enable investors in ETF structures to take advantage of more digital assets.
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