Cyber Hornet files for S&P Crypto 10 (CTX) ETF as S&P-linked spot baskets gain traction

Published: 2026-01-24 09:42:03 |

Cyber Hornet has filed with the U.S. Securities and Exchange Commission to register the S&P Crypto 10 ETF (ticker: CTX), which would track the top 10 cryptocurrencies from the S&P Cryptocurrency Broad Digital Asset index. The proposed basket is Bitcoin-heavy: 69% BTC and 14% ETH, with remaining allocations to XRP (5%), BNB (4%), SOL (2%), TRX (1%), ADA (0.5%), BCH (0.4%), LINK (0.3%) and XLM (0.2%). Bloomberg ETF analyst Eric Balchunas highlighted the filing and said the race for diversified spot crypto ETFs is intensifying. The filing underscores Bitcoin’s market dominance (roughly $1.5–1.8 trillion market cap and ~59% dominance in the article’s metrics) and reflects growing issuer interest in S&P-linked spot baskets. Market context: BlackRock’s IBIT leads spot BTC ETFs with roughly $69.8B in net assets; combined spot BTC ETFs hold ~1.5M BTC (~7% of supply). At publication BTC traded near $89,449 and ETH near $2,953. The CTX ETF aims to offer direct, regulated spot exposure across multiple tokens, spreading risk compared with single-asset spot ETFs.

Bullish

The filing of an S&P-linked spot basket ETF (CTX) is bullish for crypto markets for several reasons. First, it signals growing issuer interest in regulated, diversified spot exposure — a trend that has historically supported inflows and price discovery (see launch and inflows into BlackRock’s IBIT and other spot BTC ETFs). A multi-asset spot ETF may attract investors who prefer broad crypto exposure over single-asset risk, potentially increasing demand across included tokens, with strongest effects on BTC and ETH given their large allocations. Short-term: announcement-driven buying or rotation into basket ETFs could lift prices for BTC and top altcoins; however, volatility may rise around filings, approvals, and initial flows. Long-term: product approval and inflows would likely deepen liquidity, reduce bid-ask spreads, and encourage institutional allocation to crypto, reinforcing a structural bullish thesis. Risks: regulatory denial, slow adoption, or large outflows (as seen with GBTC pre-conversion) could mute impact. Overall, the CTX filing increases the probability of more regulated, ETF-based demand for crypto — a net positive for market adoption and price support, especially for Bitcoin and Ethereum.