Cyber Hornet applies for three ETFs that mix ETH, SOL, and XRP futures with the S&P 500 index

According to ChainCatcher news, based on market information and SEC filings, Cyber Hornet Trust is applying for regulatory approval to launch three new ETFs. These products aim to track the S&P 500 index, as well as the S&P CME 75/25 blended index related to Ethereum, XRP, and Solana futures.

The proposed ETFs are: Cyber Hornet S&P 500 and Ethereum 75/25 Strategy ETF (EEE), Cyber Hornet S&P 500 and Solana 75/25 Strategy ETF (SSS), and Cyber Hornet S&P 500 and XRP 75/25 Strategy ETF (XXX). Each fund will allocate approximately 75% of its assets to large-cap U.S. stocks in the S&P 500 index, with the remaining approximately 25% allocated to futures contracts of Ethereum, Solana, or XRP based on the fund category. The documents indicate that the management fee for these three ETFs will be 0.95%. These funds will maintain their target asset allocation ratios through monthly rebalancing, although investment advisors may adjust these ratios based on market conditions.

For the cryptocurrency portion of the investment, the funds will gain exposure through direct purchases, CME futures contracts, and exchange-traded open-end index products. If approved, these funds will be listed on the Nasdaq Stock Exchange and can only be purchased through secondary market transactions, with no support for direct redemption.