Summary
- It reported that the first options-income exchange-traded fund using XRP (ETF) was launched in the United States.
- It said the product is linked to the XRP price and is structured to earn additional premium income by selling call options with part of the XRP held.
- It explained that the ETF provides investors with both stable returns based on XRP and opportunities for option premiums at the same time.
For the first time in the United States, an options-income exchange-traded fund (ETF) utilizing XRP has appeared.
On the 19th, according to virtual asset (cryptocurrency) specialist media Coinpedia, Amplify ETFs officially launched the 'Amplify XRP 3% Monthly Premium Income ETF (XRPM)'.
XRPM is designed to be linked to the XRP price while generating additional income through option selling. XRPM sells call options every week using part of the XRP it holds to receive premiums. It can adjust option pricing more frequently than typical monthly options, allowing it to respond more quickly during volatility and more easily secure returns.
Christian Magoon, CEO of Amplify, explained, "XRPM is the first ETF product that can pursue stable income based on XRP," adding, "It can use XRP as a settlement asset while also seeking income opportunities through option premiums."
The outlet said the product "could be an opportunity to broaden the choices of XRP-based investment products."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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