As per HashNews, Amplify ETFs has launched the Amplify XRP 3% Monthly Premium Income ETF (XRPM), part of its Amplify YieldSmart series. This is the first XRP-based options yield ETF, aiming for an annualized options premium of 36% and a 3% monthly return, while capturing some upside potential of XRP. The fund maintains a 30%-60% XRP token exposure by selling weekly out-of-the-money call options, with the remaining 40%-70% exposure unhedged to gain 'infinite' upside potential. Notably, XRPM does not directly invest in XRP tokens, carries a 0.75% management fee, and distributes returns monthly.
Amplify Launches XRP-Based Call Option ETF Targeting 3% Monthly Yield
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