The post $12B Amplify Files XRP Option Income ETF With SEC appeared on BitcoinEthereumNews.com. Asset manager Amplify, with $12.6 billion in assets under management (AUM), is the latest firm to file for an XRP ETF, providing institutional investors with exposure to the altcoin. However, the XRP Option Income ETF differs from the pending spot applications, which are currently awaiting approval from the SEC. Amplify Unveils XRP Option Income ETF An SEC filing has shown that the asset manager has filed this XRP fund as a series of its ETF Trust. It plans to list and trade shares of this fund on the Cboe BZX Exchange. Meanwhile, the firm plans for the fund to begin trading in November. As noted in the filing, the XRP Option Income ETF seeks to benefit from the return in the XRP price and to generate a high level of annualized option premium by selling options on XRP ETFs that reference the altcoin’s price. In line with this, the fund will invest at least 80% of its net assets in financial instruments that provide exposure to the XRP price. Holdings will include shares of XRP ETFs, which will form a portion of the fund’s long-term exposure. At the same time, the fund will also hold ETF options. The XRP Option Income ETF will use these options on XRP ETFs for synthetic exposure to the XRP ETFs. Amplify also noted that this fund may use the combination of purchasing call options and selling put options in the same amount and at the same strike price with the same expiration, or may purchase an in-the-money call option. Meanwhile, the asset manager will invest the remaining 20% of the fund’s net assets in U.S. Treasuries, cash, or cash-like investments. Amplify noted that the fund will not directly invest in XRP, which distinguishes it from the pending spot applications that seek to provide spot exposure… The post $12B Amplify Files XRP Option Income ETF With SEC appeared on BitcoinEthereumNews.com. Asset manager Amplify, with $12.6 billion in assets under management (AUM), is the latest firm to file for an XRP ETF, providing institutional investors with exposure to the altcoin. However, the XRP Option Income ETF differs from the pending spot applications, which are currently awaiting approval from the SEC. Amplify Unveils XRP Option Income ETF An SEC filing has shown that the asset manager has filed this XRP fund as a series of its ETF Trust. It plans to list and trade shares of this fund on the Cboe BZX Exchange. Meanwhile, the firm plans for the fund to begin trading in November. As noted in the filing, the XRP Option Income ETF seeks to benefit from the return in the XRP price and to generate a high level of annualized option premium by selling options on XRP ETFs that reference the altcoin’s price. In line with this, the fund will invest at least 80% of its net assets in financial instruments that provide exposure to the XRP price. Holdings will include shares of XRP ETFs, which will form a portion of the fund’s long-term exposure. At the same time, the fund will also hold ETF options. The XRP Option Income ETF will use these options on XRP ETFs for synthetic exposure to the XRP ETFs. Amplify also noted that this fund may use the combination of purchasing call options and selling put options in the same amount and at the same strike price with the same expiration, or may purchase an in-the-money call option. Meanwhile, the asset manager will invest the remaining 20% of the fund’s net assets in U.S. Treasuries, cash, or cash-like investments. Amplify noted that the fund will not directly invest in XRP, which distinguishes it from the pending spot applications that seek to provide spot exposure…