cryptonews.net
Amplify ETFs, a provider of innovative ETF solutions, has launched the Amplify XRP 3% Monthly Premium Income ETF (XRPM), the first XRP-focused option income fund. XRPM is part of Amplify’s YieldSmart™ ETF family, which uses covered call strategies to combine income generation and potential capital growth. The fund aims to deliver 36% annual option premium income, alongside partial weekly XRP price appreciation on the covered portion of the portfolio.
XRP is the native digital asset of the XRP Ledger (XRPL), a decentralized blockchain designed for fast and low-cost global payments. It enables instant cross-border transfers and supports tokenized assets and decentralized finance applications. XRP’s adoption by financial institutions and technology partners strengthens its role as a bridge currency in digital payments.
The fund is actively managed by Amplify Investments LLC, with Kelly Strategic Management and Penserra Capital Management serving as sub-advisers. XRPM has an expense ratio of 0.75% and is designed for investors seeking consistent income and potential XRP growth in a risk-managed framework.
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