Investment manager Amplify Investments filed a preliminary prospectus with the Securities Exchange Commission (SEC) on August 29 for an XRP Monthly Option Earnings Exchange Traded Fund (ETF), which aims to balance high returns with capital appreciation by investing in XRP price returns combined with covered call options strategies.
The SEC still has a large backlog of crypto ETF applications pending, including spot ETF proposals such as XRP, Litecoin, Dogecoin, and Solana from institutions such as Grayscale, 21Shares, and Bitwise. Since the Trump administration took office, the SEC's stance on crypto ETFs has changed significantly, approving rules in July that authorize participants to create and redeem crypto ETFs in physical form. As of August 28, Bloomberg data shows that there are about 90 crypto-related applications pending review by the SEC.
If approved, it would not be Amplify's first crypto ETF. The company also manages a fund that invests in "blockchain technology related company equity" and another covered call option income fund based on bitcoin price returns. According to its website, Amplify currently manages assets of $12.60 billion.
Amplify Submits XRP Option Income ETF Application to SEC
2025-08-30 00:01:37
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