24/7 Cryptocurrency News

$12B Amplify Files XRP Option Income ETF With SEC

Published by

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.

Advertisement

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 to the altcoin.

Advertisement

16 Pending Applications In The U.S.

Amplify’s XRP Option Income ETF filing means there are now 16 applications for XRP ETFs in the U.S. Seven of them are spot ETF applications from Grayscale, 21Shares, Canary, Bitwise, Wisdomtree, CoinShares, and Franklin Templeton.

This follows Bloomberg analyst James Seyffart’s revelation that there are currently at least 96 crypto-related ETF filings with the SEC. XRP and Solana currently lead the pack in the number of filings.

Market expert Nate Geraci declared that the crypto floodgates are about to open soon, alluding to the fact that the SEC could approve these funds by the October deadline. He predicts these XRP ETFs will record massive demand, considering the success that the CME XRP futures and futures-based ETFs have enjoyed so far.

Advertisement

Share
Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several niches. His speed and alacrity in covering breaking updates are second to none. He has a knack for simplifying the most technical concepts and making them easy for crypto newbies to understand. Boluwatife is also a lawyer, who holds a law degree from the University of Ibadan. He also holds a certification in Digital Marketing. Away from writing, he is an avid basketball lover, a traveler, and a part-time degen.

Published by

Recent Posts

  • 24/7 Cryptocurrency News

Fed’s Chris Waller Reiterates Support for Rate Cuts but Urges Caution On Pace

Fed Governor Chris Waller has again expressed support for additional Fed rate cuts. However, he…

October 10, 2025
  • Ethereum News

Tom Lee’s Bitmine Immersion (BMNR) Adds Another $103M ETH to its Ethereum Stash

Bitmine Immersion, the largest Ethereum treasury company, quietly added another 23,823 ETH to its total…

October 10, 2025
  • Bitcoin News

Bitcoin Price Flashes Top Signal After Rejection At $125K

Bitcoin price has continued to trade below the $125,000 mark as the market undergoes a…

October 10, 2025
  • 24/7 Cryptocurrency News

Breaking: Grayscale Solana ETF (GSOL) to Trade with 0.35% Fee

With the U.S. Securities and Exchange Commission's (SEC) final decision on Grayscale Solana ETF (GSOL)…

October 10, 2025
  • 24/7 Cryptocurrency News

Roger Ver, ‘Bitcoin Jesus,’ Settles $48M Tax Fraud Case with U.S. DOJ

Roger Ver, widely known in the crypto world as “Bitcoin Jesus,” has reached a settlement…

October 10, 2025
  • 24/7 Cryptocurrency News

Senate Democrats’ New DeFi Regulation Proposal Stalls Crypto Market Structure Talks

Senate Democrats have proposed new regulations for decentralized finance (DeFi) that they want to include…

October 10, 2025