PANews reported on September 28th that according to Cryptobriefing, Cyber Hornet Trust is seeking regulatory approval to launch three new ETFs, designed to track the S&P 500 Index and the S&P CME 75/25 Composite Index linked to Ethereum, XRP, and Solana futures, according to US SEC filings. The proposed ETFs are: the Cyber Hornet S&P 500 and Ethereum 75/25 Strategy ETF (EEE), the Cyber Hornet S&P 500 and Solana 75/25 Strategy ETF (SSS), and the Cyber Hornet S&P 500 and XRP 75/25 Strategy ETF (XXX). Each fund will allocate approximately 75% of its assets to US large-cap stocks in the S&P 500 index, with the remaining approximately 25% allocated to Ethereum, Solana, or XRP futures contracts, depending on the fund category.
The filing indicates that all three ETFs have a management fee of 0.95%. The funds will maintain their target asset allocations through monthly rebalancing, though investment advisors may adjust these allocations based on market conditions. The funds will acquire cryptocurrency exposure through direct purchases, CME futures contracts, and exchange-traded index products. If approved, the funds will be listed on the Nasdaq exchange, and units will only be purchased through secondary market transactions, with no direct redemptions.


Office of the Comptroller of the Currency’s Jonathan Gould says crypto companies should have a path to supervision in the banking system, which can evolve to embrace blockchain. Crypto companies seeking a US federal bank charter should be treated no differently than other financial institutions, says Jonathan Gould, the head of the Office of the Comptroller of the Currency (OCC).Gould told a blockchain conference on Monday that some new charter applicants in the digital or fintech spaces could be seen as offering novel activities for a national trust bank, but noted “custody and safekeeping services have been happening electronically for decades.”“There is simply no justification for considering digital assets differently,” he added. “Additionally, it is important that we do not confine banks, including current national trust banks, to the technologies or businesses of the past.”Read more