SEC to Review Cyber Hornet’s S&P 500 and XRP ETF Proposal
The post SEC to Review Cyber Hornet’s S&P 500 and XRP ETF Proposal appeared on BitcoinEthereumNews.com. TLDR Cyber Hornet has filed with the SEC to launch an ETF combining S&P 500 exposure with XRP futures and assets. The proposed XRP ETF will allocate 75% to S&P 500 stocks and 25% to XRP futures traded on the CME. The filing also includes two other products focused on Ethereum and Solana, following the same structure. The three ETFs will carry an annual management fee of 0.95% with no shareholder transaction fees. If approved, the ETFs will trade on Nasdaq, allowing retail investors to buy and sell shares like listed stocks. Cyber Hornet has filed with the U.S. Securities and Exchange Commission (SEC) to launch a new exchange-traded fund (ETF). The ETF combines exposure to the S&P 500 with XRP. The filing also includes two additional products with similar structures. If approved, the Cyber Hornet S&P 500 and XRP 75/25 Strategy ETF will trade under the ticker “XXX.” Cyber Hornet’s XRP ETF and S&P 500 Strategy The Cyber Hornet XRP ETF aims to replicate the performance of the S&P 500 and the S&P XRP Futures 75/25 Blend Index. The ETF will allocate 75% of assets to S&P 500 stocks and 25% to XRP futures, which will be traded on the Chicago Mercantile Exchange (CME). The ETF will invest directly in XRP in addition to XRP futures and may also use exchange-traded products that track XRP. Cyber Hornet’s goal is to provide investors with exposure to both traditional equities and digital assets. As the ETF would integrate XRP into a traditional S&P 500 strategy, it offers a novel investment approach. The SEC’s approval of this ETF would mark a significant development for cryptocurrency-based funds. As of now, this would be the first regulated ETF to include XRP. Cyber Hornet’s filing shows its intention to attract investors seeking digital asset exposure…
The post SEC to Review Cyber Hornet’s S&P 500 and XRP ETF Proposal appeared on BitcoinEthereumNews.com.
TLDR Cyber Hornet has filed with the SEC to launch an ETF combining S&P 500 exposure with XRP futures and assets. The proposed XRP ETF will allocate 75% to S&P 500 stocks and 25% to XRP futures traded on the CME. The filing also includes two other products focused on Ethereum and Solana, following the same structure. The three ETFs will carry an annual management fee of 0.95% with no shareholder transaction fees. If approved, the ETFs will trade on Nasdaq, allowing retail investors to buy and sell shares like listed stocks. Cyber Hornet has filed with the U.S. Securities and Exchange Commission (SEC) to launch a new exchange-traded fund (ETF). The ETF combines exposure to the S&P 500 with XRP. The filing also includes two additional products with similar structures. If approved, the Cyber Hornet S&P 500 and XRP 75/25 Strategy ETF will trade under the ticker “XXX.” Cyber Hornet’s XRP ETF and S&P 500 Strategy The Cyber Hornet XRP ETF aims to replicate the performance of the S&P 500 and the S&P XRP Futures 75/25 Blend Index. The ETF will allocate 75% of assets to S&P 500 stocks and 25% to XRP futures, which will be traded on the Chicago Mercantile Exchange (CME). The ETF will invest directly in XRP in addition to XRP futures and may also use exchange-traded products that track XRP. Cyber Hornet’s goal is to provide investors with exposure to both traditional equities and digital assets. As the ETF would integrate XRP into a traditional S&P 500 strategy, it offers a novel investment approach. The SEC’s approval of this ETF would mark a significant development for cryptocurrency-based funds. As of now, this would be the first regulated ETF to include XRP. Cyber Hornet’s filing shows its intention to attract investors seeking digital asset exposure…
What's Your Reaction?
