Amplify ETFs Launches First XRP Option Income ETF Amid Rising Demand

Amplify’s XRPM fund pioneers XRP exposure through an options-based income strategy, marking a milestone in crypto-linked ETF product diversification.

BTC

ETH

XRP

105d ago

Summary

Amplify ETFs has launched the XRP 3% Monthly Premium Income ETF, the first ETF to offer structured exposure to XRP via an options-based strategy. Named XRPM, the fund aims to provide monthly income premiums equal to 3% targeting investors seeking yield from crypto-linked assets. This release marks a notable innovation in the cryptocurrency ETF sector, expanding beyond Bitcoin and Ethereum products.

Terms & Concepts

XRP: A cryptocurrency issued by Ripple Labs, designed for fast, low-cost cross-border payments.
Option Income ETF: An exchange-traded fund that generates returns by selling options on its holdings, providing investors with income.
Crypto-linked Yield: Investment returns derived from strategies tied to cryptocurrency assets or derivatives.