Amplify Files for Cboe-Listed XRP Option Income ETF
Asset manager Amplify, overseeing $12.6 billion in AUM, has filed with the SEC to launch an XRP Option Income ETF on the Cboe BZX Exchange, aiming for a November trading debut. Instead of holding XRP tokens directly, the fund will invest at least 80% of its portfolio in XRP-linked ETFs and write options on those ETF shares to generate yield. The remaining 20% will be allocated to US Treasuries, cash, or similar short-term instruments. Through option strategies—such as pairing long calls with short puts or purchasing in-the-money calls—Amplify’s XRP Option ETF seeks synthetic exposure to XRP price movements while delivering steady premium income. This structure offers investors indirect exposure to XRP, avoiding custody and operational challenges of direct token holdings. The filing marks the 16th proposal for an XRP ETF in the US, joining seven pending spot applications and contributing to a total of 96 crypto-related ETF filings under SEC review. With a key regulatory deadline in October, market watchers draw parallels to the surge in Bitcoin futures-linked ETF inflows, suggesting potential bullish demand for XRP products once approved.
Bullish
The filing of an XRP Option ETF by a $12.6 billion asset manager broadens institutional-grade investment vehicles for XRP, lowering custody and operational barriers. By offering indirect exposure through options strategies and ETFs, Amplify’s proposal attracts yield-seeking investors and diversifies crypto product offerings. Historical parallels with Bitcoin futures-linked ETF approvals show that expanding ETF choices can trigger substantial capital inflows. With regulatory milestones approaching in October, the launch of an options-based XRP ETF is likely to boost demand, enhance liquidity, and support price appreciation in both the short and long term.