So, Cyber Hornet wants to sell you a little bit of the stock market and a little bit of… internet money? Sure, why not.
Apparently, Cyber Hornet – a name that sounds like a rejected Transformer – has decided the American public *really* needs an ETF that mixes the S&P 500 with XRP. Because, honestly, who hasn’t been thinking, “You know what this market is missing? A sprinkle of digital magic ✨”? It’s the financial equivalent of putting pineapple on pizza. We’ll see how the SEC feels about *that*.
They’re not stopping at XRP though, oh no. They’re throwing in Ethereum and Solana too. Look, I’m not saying these are bad investments, but my grandma understands the S&P 500. She…less understands “the blockchain.” 👵
Cyber Hornet’s Wild Idea
Their plan? 75% boring, stable S&P 500 stocks, and 25% of whatever XRP futures are. They’re calling it “XXX.” Really? XXX? Look, I get it’s a ticker symbol, but maybe run that by a marketing team? For comparison, the other ETFs are called “EEE” for Ethereum and “SSS” for Solana. Very creative. 🙄
They’ll also hold some actual XRP, just to really complicate things. Because why make it easy?
CYBER HORNET just filed for an S&P + XRP ETF with the ticker Eth and Solna + SPX too
– Eric Balchunas (@EricBalchunas)
Basically, they’re making a financial smoothie. A slightly questionable, potentially volatile financial smoothie. But hey, if it sells, it sells, right?
The others are following the same rough pattern. EEE for S&P 500 plus Ethereum, SSS for S&P 500 plus Solana. Futures contracts are involved, which, let’s be real, are basically just fancy IOUs.
The Cost of Adventure
They’re charging 0.95% a year to manage this whole thing. That’s…fine, I guess? For a $10,000 investment, you’re looking at about $100 a year. So, the price of potentially doubling your money is… slightly more than a good dinner. But also, you might lose it all. 🤷♀️
They’ll rebalance monthly, because apparently, the market *needs* to be messed with on a regular schedule. They can also rebalance more often if things get spicy. Which, let’s face it, they probably will.
If the SEC actually says yes (and that’s a big ‘if’), you’ll be able to buy shares on the Nasdaq. Which, you know, is where regular stocks live. It’ll be weird. But convenient.
Mainstreaming Crypto (Maybe?)
This whole thing is a sign that Wall Street is finally starting to take crypto seriously. Or, at least, realizing there’s money to be made. They already approved other crypto ETFs, so Cyber Hornet is just jumping on the bandwagon with a particularly flamboyant outfit. 🕺
JUST IN: CYBER HORNET files for ETFs pairing S&P 500 with , and .
– Whale Insider (@WhaleInsider)
Look, the average investor just wants something easy to understand. Mixing cryptocurrencies with reliable indexes is like trying to explain TikTok to your grandparents. 🙄 But if people want to gamble… I mean, *invest*… this gives them a way to do it within a somewhat regulated framework. And in this economy? A little bit of chaos is practically patriotic.
We’ll see if investors bite. Because sometimes, as a wise woman once said, you can have your cake and eat it too. (But please, for the love of all that is financial, read the fine print.)
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2025-09-28 07:59