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Cyber Hornet Applies for First S&P Crypto Index-Linked ETF

Cyber Hornet's proposed S&P Crypto 10 ETF (CTX) could be the first exchange-traded fund tied to an S&P cryptocurrency index, with significant holdings in Bitcoin and Ethereum.

BTC
ETH
BNB

Summary

Cyber Hornet has filed for the S&P Crypto 10 ETF (CTX), which could be the first ETF linked to an S&P crypto index. The ETF's portfolio will be heavily weighted with 69% Bitcoin and 14% Ethereum, with smaller allocations to XRP, BNB, Solana, TRON, Cardano, Bitcoin Cash, Chainlink, and Stellar.

Terms & Concepts
  • ETF (Exchange-Traded Fund): A financial product that tracks an index, commodity, or basket of assets, and can be traded on stock exchanges like shares.
  • S&P Crypto 10 Index: A market index by S&P Dow Jones Indices tracking the performance of 10 major cryptocurrencies.
  • Portfolio Allocation: The distribution of investment holdings within a fund, often expressed as percentage weights for each asset.