Summary
- Asset manager Amplify(Amplify) has reportedly filed with the U.S. Securities and Exchange Commission(SEC) for an XRP(XRP) options income ETF.
- It said the ETF would set XRP(XRP) as the underlying asset.
- It said the structure would pursue returns from holding XRP and option premium income simultaneously through options strategies such as covered calls.
On the 29th (local time), according to James Seyffart, a Bloomberg ETF analyst, asset manager Amplify(Amplify) has filed with the U.S. Securities and Exchange Commission(SEC) for an XRP(XRP) options income exchange-traded fund(ETF).
The ETF would use XRP(XRP) as the underlying asset and employ options strategies such as covered calls to pursue both returns from holding XRP and option premium income simultaneously.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
