Cyber Hornet Files for First S&P Crypto 10 ETF with 69% Bitcoin Allocation
- First Crypto ETF Filing: Cyber Hornet has filed with the SEC to launch the first spot ETF linked to the S&P Crypto 10 Index, which could introduce a new investment vehicle if approved.
- Asset Allocation Structure: The ETF aims to track the S&P Crypto 10 Index, with Bitcoin making up 69% and Ethereum 14%, while smaller allocations include XRP at 5% and Binance Coin at 4%, highlighting a focus on major crypto assets.
- Spot Asset Management: Unlike futures-based products, this ETF will hold spot cryptocurrencies and automatically rebalance according to index changes, simplifying the management process for investors and lowering entry barriers.
- Market Potential: This filing follows the approval of spot Bitcoin and Ethereum ETFs, indicating a growing demand for crypto assets, and Cyber Hornet aims to enhance its influence in the crypto investment space through this ETF.
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Technical Analysis for BCH
Technical Sentiment Analysis for Bitcoin Cash (BCH) As of , Bitcoin Cash (BCH) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BCH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BCH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin Cash (BCH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 305.587 | 364.293 | 442.387 | 501.093 | 579.187 | 637.893 | 715.987 |
| Fibonacci | 364.293 | 416.551 | 448.836 | 501.093 | 553.351 | 585.636 | 637.893 |
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