Cyber Hornet Files S&P Crypto 10 ETF With U.S. SEC

2026-01-24 08:41:13

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Cyber Hornet filed with the SEC to launch a spot S&P Crypto 10 ETF, potentially the first U.S. ETF tied to the S&P crypto index.
The ETF would track the S&P Crypto 10 Index, led by Bitcoin at 69% and Ethereum at 14%, with smaller altcoin allocations.
Unlike futures-based products, the proposed ETF would hold spot crypto assets and rebalance automatically with the index.

Cyber Hornet has filed for the S&P Crypto 10 ETF with the U.S. Securities and Exchange Commission. Bloomberg senior ETF analyst Eric Balchunas disclosed that the filing seeks approval for a spot crypto basket ETF designed to track the S&P Crypto 10 Index.

SEC Filing and Issuer Details

According to Eric Balchunas, the filing could mark the first S&P-linked spot crypto basket ETF in the U.S. Cyber Hornet ETF LLC, incorporated in Delaware, is listed as the issuer in the registration documents. The filing uses an S-1 registration structure, consistent with recent spot crypto ETF applications.

However, the SEC has not approved the ETF, and no trading launch date has been announced. The filing follows earlier approvals of spot Bitcoin and spot Ethereum ETFs, which expanded the range of crypto-linked investment products.

Index Structure and Holdings Allocation

The proposed ETF aims to replicate the S&P Crypto 10 Index before fees and expenses. S&P Dow Jones Indices maintains the index using a market capitalization-based weighting methodology.

Bitcoin represents 69 percent of the portfolio, making it the largest holding. Ethereum follows with a 14 percent allocation, while XRP accounts for 5 percent. Binance Coin holds 4 percent, and Solana represents 2 percent.

Smaller allocations include Tron at 1 percent, Cardano at 0.5 percent, Bitcoin Cash at 0.4 percent, Chainlink at 0.3 percent, and Stellar at 0.2 percent.

Fund Structure and Related Products

The filing states the ETF will hold spot cryptocurrencies rather than futures contracts. Holdings will rebalance automatically to reflect changes in index composition. This structure removes the need for investors to manage personal wallets or crypto exchanges.

Cyber Hornet already offers ETFs that combine S&P 500 exposure with crypto futures positions. Those products include allocations linked to Bitcoin, Ethereum, XRP, and Solana. However, the S&P Crypto 10 ETF differs by offering a fully crypto-based basket product.

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