ETF Proposal Targets XRP Income Strategy
Amplify Investments, managing $12.6 billion in assets, filed a registration statement with the SEC to launch an XRP Option Income ETF. The proposed fund aims to combine price exposure to XRP with a systematic covered call strategy, offering investors both upside potential and regular premium income.
Under the plan, at least 80 % of the fund’s assets will be allocated to XRP-related instruments, including shares of spot XRP ETFs and exchange-traded options on those ETFs. The remaining 20 % will be held in US Treasuries, cash, or cash equivalents to maintain liquidity and manage risk.
The covered call overlay will target out-of-the-money calls with one-week maturities, adjusting positions weekly to capture option premiums. This approach seeks to enhance total returns while capping extreme upside beyond strike prices.
The ETF is slated to list on the Cboe BZX Exchange with trading expected to commence in November. Amplify’s filing adds to a growing slate of 16 XRP ETF applications in the US market, reflecting increasing institutional interest following recent regulatory clarity for digital asset funds.
Market observers anticipate potential SEC approval by October. If greenlit, the fund could provide a novel, regulated vehicle for XRP exposure and income generation, expanding the toolkit for diversified altcoin investment strategies.
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