Major US Company Files ETF Application for XRP: But This Time It’s Different

Amplify Investments has filed a prospectus with the ￰0￱ and Exchange Commission (SEC) for its XRP-based monthly options income exchange-traded fund (ETF). The document submitted by the company included the following statements: “The Amplify XRP% Monthly Option Income ETF aims to provide a balance between high income and capital appreciation through investing in the price return of XRP and a covered call option strategy.” Options income ETFs aim to provide investors with monthly income through options strategies. Amplify's application comes amid a surge in applications for altcoin-based funds, which the SEC has yet to rule ￰1￱ like Grayscale, 21Shares, and Bitwise have already filed for spot ETFs tracking coins like XRP, Litecoin, Dogecoin, and ￰2￱ News: How Will Bitcoin (BTC) Reach $1 Million?

Expert Analyst Explains What It Takes Last year, spot Bitcoin and Ethereum ETFs attracted billions of dollars in ￰3￱ SEC's stance on cryptocurrency ETFs has shifted, particularly since Donald Trump took office earlier this ￰4￱ July, the agency adopted regulations authorizing in-kind creation and redemptions in crypto ETFs for authorized ￰5￱ to Bloomberg, as of August 28, the SEC had more than 90 crypto-focused applications under ￰6￱ approved, this ETF wouldn't be Amplify's first crypto-focused ￰7￱ company has previously launched a fund investing in stocks of companies involved in the development and use of blockchain technologies and another fund that aims to generate income through a covered call option strategy tied to Bitcoin's price return. *This is not investment ￰8￱ Reading: Major US Company Files ETF Application for XRP: But This Time It’s Different