Cyber Hornet Submits S&P Crypto 10 ETF Application for Spot Market Exposure

LayerZeroEnjoyer · 2026-01-31T16:05:56+00:00

Cyber Hornet has filed to launch the S&P Crypto 10 ETF, aiming to track the top 10 cryptocurrencies directly. The fund would enhance institutional investment in crypto by providing true asset ownership and reducing counterparty risks.

LayerZeroEnjoyer

2026-01-31 16:05:56

Abstract generation in progress

Crypto infrastructure firm Cyber Hornet has officially filed for approval to launch the S&P Crypto 10 ETF (CTX), marking a significant move toward establishing the first spot-based index fund tracking the S&P Crypto Index. This development underscores the growing institutional appetite for regulated crypto investment vehicles that directly hold digital assets rather than relying on futures contracts.

ETF Structure and S&P Crypto Index Framework

The proposed fund represents an important milestone for the cryptocurrency market’s mainstream integration. If approved, the Cyber Hornet-managed ETF would provide investors direct exposure to the top 10 cryptocurrencies by market capitalization, weighted according to S&P’s methodology. This spot-based approach differs from existing derivatives-based products, offering true asset ownership and reducing counterparty risk.

Proposed Asset Allocation Strategy

According to reporting from Odaily, the ETF’s expected holdings would feature a carefully weighted distribution. Bitcoin would comprise the largest position at 69% of the fund, reflecting its market dominance and institutional preference. Ethereum, as the leading smart contract platform, would hold 14% allocation, while XRP would represent 5% of holdings.

Additional allocations include: BNB at 4%, Solana at 2%, TRON at 1%, Cardano at 0.5%, Bitcoin Cash at 0.4%, Chainlink at 0.3%, and Stellar at 0.2%. This composition demonstrates S&P’s multi-asset approach, balancing the two largest cryptocurrencies with exposure to layer-1 blockchains, DeFi tokens, and alternative networks.

Market Impact and Regulatory Path Forward

Cyber Hornet’s filing signals accelerating institutional interest in cryptocurrency index products. A successful approval would expand the ecosystem of regulated crypto ETFs, potentially attracting significant institutional capital to the underlying digital assets. The spot-based structure is particularly noteworthy, as regulators have increasingly warmed to direct asset ownership models compared to leveraged or derivatives-based vehicles.

BTC-7,69%

ETH-10,62%

XRP-7,42%

BNB-9,87%

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