Amplify Launches XRPM: XRP Income ETF with 3% Monthly Yield

Amplify ETFs has launched XRPM, the first XRP Income ETF deploying a covered call option premium strategy to target a 3% monthly yield (36% annualized). Using its proprietary YieldSmart approach, XRPM writes weekly out-of-the-money call options on 30%–60% of its XRP allocation and invests the remainder in XRP futures. Unlike spot crypto ETFs, XRPM holds no underlying XRP but seeks steady option premium income while preserving upside exposure. CEO Christian Magoon says XRPM bridges traditional finance and digital assets by blending weekly upside potential with predictable yield. This follows Canary Capital’s spot XRP ETF debut, which logged $58 million in first-day volume amid broader market headwinds. On-chain data from Glassnode show that despite XRP’s nearly fourfold rally since late 2024, 41.5% of its supply remains underwater at the current $2.16 price, posing a risk of selling pressure if holders seek breakeven. By offering a transparent XRP Income ETF with predictable monthly option premium revenues and uncapped upside, XRPM provides traders a balanced risk-reward tool. Its success will hinge on whether new demand can absorb the overhang of underwater supply and sustain upward momentum.