The fund targets 36% annual option premium income, based on market conditions at the prospectus effective date, among other factors.
Amplify ETFs has launched the Amplify XRP 3% Monthly Premium Income ETF (XRPM). The new exchange-traded fund (ETF) will target 36% annual option premium income, based on market conditions at the prospectus effective date, plus partial weekly XRP price appreciation on the covered position of the portfolio. Additionally, it will also preserve unlimited upside on the remainder of the portfolio by writing weekly out-of-the-money call options on a portion of the portfolio’s XRP price exposure