Amplify Proposes XRP Option Income ETF in SEC Filing
Amplify has sought approval for an XRP ETF. Gumi has acquired $17 million worth of XRP, indicating huge interest from large investors and firms worldwide. Asset manager Amplify, with $12.6 billion under management, has filed for an ETF with the U.S. Securities and Exchange Commission. Known as XRP Option Income, the filing shows plans to
Bradley Nelson3 min read
Amplify has sought approval for an XRP ETF. Gumi has acquired $17 million worth of XRP, indicating huge interest from large investors and firms worldwide.
Asset manager Amplify, with $12.6 billion under management, has filed for an ETF with the U.S. Securities and Exchange Commission. Known as XRP Option Income, the filing shows plans to list the product on the Cboe BZX Exchange, with trading expected to begin in November.
The ETF will not hold XRP directly. Instead, it will invest at least 80% of its net assets in financial instruments that track the price of the altcoin. These include existing XRP ETFs and options tied to them. The strategy is designed to provide exposure to XRP’s price return and generate option premiums by selling contracts.
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