In this episode of Behind the Ticker, Brad Roth, CIO of Thor Financial Technologies, talks with Mike Willis, Co-Founder and CEO of Cyber Hornet ETFs about how he became a Bitcoiner, crypto and bitcoin investing, proxy voting, the Cyber Hornet S&P 500 and Bitcoin 75/25 Strategy ETF (BBB), and more.
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Highlights From This Episode
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From stock picker to index convert: After seven years of beating the S&P 500, Mike Willis was humbled by 2013’s 32% market return, a result his portfolios couldn’t touch despite thousands of hours of work. That wake-up call led him to found his own firm and launch an index fund, eventually evolving into a Bitcoin convert who met with Jack Bogle in his final months.
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BBB’s 75/25 design is built around human behavior, not just math: The flagship ETF holds 75% S&P 500 and 25% Bitcoin, rebalanced monthly, a ratio chosen because it keeps drawdowns within the threshold most clients can actually tolerate before they call their advisor and bail. The track record backs it up: 39% in a strong Bitcoin year, +10% in a down one, and a ±5% band YTD while Bitcoin and major altcoins are off 50–70% from their highs.
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The monthly rebalance is a built-in discipline machine: By systematically trimming Bitcoin when it rips and buying more when it sells off, the rebalance removes emotion from the hardest decisions in crypto investing. It’s a structural buy-low-sell-high mechanism that most individual advisors would struggle to execute manually through a 50% drawdown.
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Cyber Hornet is also taking on the index voting problem Bogle warned about: INDEX, the firm’s S&P 500 Fund, was conceptualized years before the major issuers offered anything similar. With BlackRock, State Street, and Vanguard controlling 81% of index fund voting power, Mike sees returning that influence to actual shareholders as both a fiduciary obligation and a centerpiece of what makes his firm different.
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