News
  • Nidhi Kolhapur
    author-profile
    Nidhi Kolhapur right arrow
    Author

    Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

    • author facebook
    • author twitter
    • linkedin
  • Reviewed by: Sohrab Khawas
    author profile
    Sohrab Khawas right arrow
    Reviewed

    Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

    • author twitter
    • author linkedin
  • 2 minutes read

Ripple News: Cyber Hornet Files S&P 500 + XRP Hybrid ETF

Cyber Hornet has filed prospectuses for three new ETFs that combine traditional equities with cryptocurrency. Each fund will hold 75% in the S&P 500® and 25% in a specific cryptocurrency. The ETFs are:

  • Cyber Hornet S&P 500® and Ethereum 75/25 Strategy ETF (Ticker: EEE)
  • Cyber Hornet S&P 500® and Solana 75/25 Strategy ETF (Ticker: SSS)
  • Cyber Hornet S&P 500® and XRP 75/25 Strategy ETF (Ticker: XXX)

These ETFs are part of the One Fund Trust and were submitted as 485APOS amendments. This allows them to be added to an existing structure, which may speed SEC review. Each fund will rebalance monthly.

What Makes These ETFs Different

  1. XRP Inclusion – XRP appears in a U.S. ETF tied directly to the S&P 500 for the first time.
  2. Hybrid Design – The ETFs combine blue-chip equities with direct crypto exposure.
  3. Amendment Filing – Using an existing trust could allow a smoother path to approval.

Timeline and SEC Decisions For Other ETFs

The SEC has roughly 75 days to respond unless the process is accelerated. October will be an important month, with multiple XRP ETF decisions scheduled: 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 may issue a combined decision for some or all of these filings.

Market Implications

Approval could open the market to institutional investors, including pension funds and hedge funds. This may shift XRP and other cryptos from a mainly retail market to one with broader participation. A green light could boost confidence and trading activity. A rejection could cause short-term price declines and extend XRP’s regulatory stalemate.

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

FAQs

What is the Cyber Hornet XRP ETF?

The Cyber Hornet XXX ETF is a proposed fund that would hold 75% of its assets in the S&P 500 and 25% directly in XRP, offering a single investment blending traditional stocks with crypto.

When will the XRP ETF be approved?

The SEC has about 75 days to decide on the Cyber Hornet filing. Key deadlines for several other XRP ETF proposals are concentrated in October 2024, which is a critical month.

What does an XRP ETF mean for investors?

An approved XRP ETF would provide a regulated way for institutions like pension funds to gain exposure, potentially increasing market stability and broadening participation beyond retail traders.

Could the SEC reject the XRP ETF?

Yes, the SEC could reject the proposal. A denial might lead to short-term price volatility, while an approval would be a major positive signal for XRP’s regulatory status.

Show More

Related Articles

Back to top button