Amplify ETFs has introduced XRPM, the first ETF for generating income from XRP options. This fund focuses on providing investors with a monthly income while allowing for some participation in the price upward movement of XRP.
Targeting an annual option premium income of 36%, XRPM utilizes covered calls, managing a coverage ratio of 30% to 60%. The fund trades on Cboe BZX and aims to adjust strike prices weekly to adapt to market conditions.
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