S&P Crypto 10 ETF Could Redefine Institutional Crypto Exposure
Cyber Hornet has filed for a new spot crypto basket product, the S&P Crypto 10 ETF (CTX), potentially marking the first S&P-linked spot cryptocurrency basket to reach the U.S. market.
The filing, submitted to the U.S. Securities and Exchange Commission on January 12, signals that competition in the race to launch diversified crypto ETFs is accelerating rapidly.
Key takeaways
- Cyber Hornet has filed for the S&P Crypto 10 ETF (CTX) with the SEC
- The product could become the first S&P-linked spot crypto basket ETF
- The filing highlights intensifying competition in crypto basket ETFs
If approved, the product would track a basket of ten major cryptocurrencies, offering investors broad exposure to the digital asset market through a single, regulated vehicle. The move comes as asset managers push beyond single-asset Bitcoin and Ethereum ETFs toward multi-asset crypto strategies aimed at both retail and institutional investors.
Inside the proposed crypto basket
According to the filing, the ETF’s portfolio is heavily weighted toward the two largest cryptocurrencies by market capitalization. Bitcoin accounts for approximately 69% of the basket, while Ethereum represents 14%, underscoring the continued dominance of these assets in institutional-facing products.
Cyber Hornet filing for S&P Crypto 10 ETF (CTX), which (i think) could be first S&P-linked spot basket. THE RACE FOR CRYPTO BASKET ETF SUPREMACY IS HEATING UP..
Holdings breakdown: Bitcoin (69%), Ethereum (14%), XRP (5%), Binance Coin (4%), Solana (2%), TRON (1%), Cardano… pic.twitter.com/bamvvf8MFA— Eric Balchunas (@EricBalchunas) January 23, 2026
The remaining allocation is spread across a range of major altcoins, including XRP at 5%, Binance Coin at 4%, Solana at 2%, and smaller positions in TRON, Cardano, Bitcoin Cash, Chainlink, and Stellar. While these allocations are comparatively modest, they provide exposure to different blockchain ecosystems, use cases, and network designs within a single product.
This structure positions the ETF as a “core crypto index” style product rather than a speculative altcoin fund, closely mirroring how traditional equity index products concentrate weight in market leaders.
The race for crypto basket ETF dominance
The filing highlights a broader shift underway in the U.S. crypto ETF market. After the approval of spot Bitcoin ETFs and growing momentum around Ethereum-based products, issuers are now racing to be first with diversified crypto baskets that could appeal to long-term allocators.
An S&P-linked crypto basket would carry additional branding and index credibility, potentially making it more attractive to institutions that are already familiar with traditional S&P benchmarks. If regulators approve such products, they could play a major role in shaping how capital flows into the digital asset market over the next cycle.
While approval timelines remain uncertain, Cyber Hornet’s filing underscores one clear trend: the battle for crypto ETF supremacy is moving beyond single assets and into index-style products designed for scale, diversification, and mainstream adoption.
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Alexander Zdravkov is a person who always looks for the logic behind things. He has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
