Cyber Hornet Files for First S&P-Linked Crypto Basket ETF

Edgen Crypto

·Jan 24 2026, 03:13

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Key Takeaways

Cyber Hornet has submitted an application for the S&P Crypto 10 ETF (CTX), aiming to create the first spot crypto portfolio ETF linked to an S&P index. The move signals a new phase in the maturation of crypto investment products, moving beyond single-asset funds to diversified, index-based strategies.

First S&P Index Link: Cyber Hornet has filed for the S&P Crypto 10 ETF (CTX), which would be the first spot crypto product to track a Standard & Poor's index.
Bitcoin Dominates Portfolio: The proposed fund's holdings are heavily concentrated in Bitcoin, with a 69% allocation, followed by 14% in Ethereum.
Broadened Investor Access: If approved, the CTX ETF could significantly simplify diversified crypto investing for both retail and institutional investors, potentially increasing demand for its ten underlying assets.

Cyber Hornet Proposes First S&P-Linked Spot Crypto ETF

Cyber Hornet has submitted an application for a new exchange-traded fund, the S&P Crypto 10 ETF (CTX), according to Bloomberg ETF analyst Eric Balchunas. If approved, the fund would be the first spot cryptocurrency ETF to track an index provided by Standard & Poor's, representing a significant step in integrating digital assets into mainstream financial products. The move follows the successful launch of single-asset spot Bitcoin ETFs and indicates growing demand for more complex, diversified crypto investment vehicles.

Proposed Portfolio Allocates 69% to Bitcoin

The fund's strategy focuses heavily on the two largest cryptocurrencies. According to the filing, the proposed CTX ETF would allocate 69% of its portfolio to Bitcoin and 14% to Ethereum. The remaining 17% would be distributed among eight other digital assets, including XRP (5%), BNB (4%), and six smaller cryptocurrencies. This structure offers investors weighted exposure to the broader crypto market while maintaining a substantial position in its most established assets.

New Fund Aims to Simplify Diversified Crypto Investing

An approval for the CTX ETF would mark a pivotal moment for the asset class by providing a simplified, regulated vehicle for diversified crypto exposure. Such a product could unlock significant capital from both institutional and retail investors who prefer the convenience and security of an ETF over direct ownership of multiple assets. By linking to a reputable S&P index, the fund would also lend further legitimacy to cryptocurrencies as a viable component of a diversified investment portfolio, potentially setting a precedent for future index-based digital asset funds.