Amplify Investments has filed with the #SEC to launch an XRP Monthly Option Income ETF 🔥. The fund would combine XRP price exposure with a covered call strategy to generate steady monthly income while aiming for long-term growth.
This comes as the SEC faces a backlog of 90+ crypto ETF filings, including altcoins like #Solana, #Litecoin, and #Dogecoin. Meanwhile, #Bitcoin and #Ethereum ETFs have already pulled in billions in inflows.
Amplify, which manages $12.6B AUM, is no stranger to crypto — it already runs blockchain equity funds and a #Bitcoin option income ETF. If approved, this could mark another step forward for mainstream adoption of altcoin ETFs. 🚀
