Cyber Hornet Files for New ETFs Combining Equities and Cryptocurrency
Cyber Hornet has submitted prospectuses for three innovative ETFs that merge traditional equities with cryptocurrency. Each fund will allocate 75% to the S&P 500® and the remaining 25% to a chosen cryptocurrency. The ETFs include:
- XRP Inclusion – The first time XRP is featured in a U.S. ETF that is directly linked to the S&P 500.
- Amendment Filing – Utilizing an existing trust may provide a more straightforward path to approval.
These ETFs are part of the One Fund Trust and were filed as 485APOS amendments, which enables their addition to an existing structure, potentially accelerating the SEC review process. Notably, each fund will undergo monthly rebalancing.
The SEC is expected to respond within approximately 75 days, unless the review process is expedited. October is set to be a pivotal month, with several XRP ETF decisions anticipated: Grayscale on October 18, 21Shares on October 19, Bitwise on October 20, CoinShares and Canary Capital on October 23, and WisdomTree on October 24. The SEC could issue a consolidated decision regarding some or all of these filings.
Approval of these ETFs could welcome institutional investors such as pension and hedge funds into the market, potentially transitioning XRP and other cryptocurrencies from a primarily retail market to one with wider participation. A favorable decision could enhance confidence and boost trading activity, whereas a rejection might lead to short-term price drops and prolong XRP’s regulatory challenges.
