Hold onto your hats, folks-Amplify just dropped the XRP 3% Monthly Premium Income ETF, and it’s the first one ever to track XRP using options strategy. You know, in case you needed more ways to bet on crypto like it’s 1999… if 1999 was a fever dream of financial chaos.
Let’s break it down:
- Amplify’s got a shiny new XRP ETF on the block-oh, itâs called the XRP 3% Monthly Premium Income ETF. Try saying that five times fast. đ
- It’s using an options strategy to give you all the XRP exposure you could want, plus some yield on the side-because why not both?
- The fundâs shooting for a 3% monthly return. Thatâs 36% annually. Mathematicians everywhere are either celebrating or quietly weeping into their calculators.
So, thereâs this thing called the stock market, and apparently, itâs becoming more of a place to gamble with crypto-because, you know, we haven’t learned enough from the last five years of financial madness. Enter the Amplify XRP 3% Monthly Premium Income ETF (XRPM), which just launched on November 18. Yes, this is real life, people.
What makes XRPM a âgame-changer,â according to the self-proclaimed crypto experts at Amplify? Well, itâs the first-ever ETF that doesnât just sit there-nope, it actively uses a covered options strategy to give you XRP exposure, while also tossing in some sweet, sweet yield. And by sweet, I mean 3% monthly. Thatâs basically like an all-you-can-eat buffet of returns, except itâs crypto. đ€
âWith XRPM, investors gain access to an innovative approach that combines high option premium income with weekly upside tied to one of the worldâs most established digital assets,â said Christian Magoon, CEO of Amplify ETFs. He probably said this with a straight face, too. Kudos, Christian!
XRP ETFs Are Totally a Thing Now
Letâs clear up the confusion: unlike other ETFs that throw money at actual XRP (you know, like itâs just another shopping spree), the XRPM ETF doesnât hold any XRP. Instead, itâs playing the options game-weekly call options to be specific. That means itâs buying the âpotentialâ of XRP, while also offering an income stream. So, yeah, you might want to grab your popcorn for this one. đż
Theyâre writing weekly covered call options on 30% to 60% of the fund. The rest? Futures products that bet big on XRP. Basically, itâs like playing the stock market with all the bells and whistles. And according to Amplify, itâs a recipe for high yield with âlimited downside,â whatever that means in a market that can swing faster than a pendulum on Red Bull. đ€·ââïž
If youâre wondering if this is all too much excitement for you, donât worry, youâre not alone. On November 13, Canary Capital dropped its own XRP spot ETF, which saw a whopping $58 million in volume on its first day. Guess what? That happened despite the overall doom-and-gloom of the crypto market. Who knew the Fedâs weak stance would be the secret sauce for all this crypto chaos?
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2025-11-19 03:16