Oh joy, oh rapture! 🙄 Amplify Investments has filed yet another proposal for an XRP exchange-traded fund (ETF). Because, you know, the world was just missing that. 🤷♂️
The proposed product aims to give investors a taste of the Ripple-linked cryptocurrency’s price action while raking in some extra cash by selling options. A clever plan, if you ask me! 💸
📞
The ETF will sell call options on XRP ETFs, typically 10% above the current price. Investors can earn a premium by “renting out” their options to buyers. It’s like Airbnb for options! 🏠
For example, if XRP has a modest price gain, the fund gets to keep both the option premium and the gain. But if XRP skyrockets, gains are capped at the strike price. Limited upside, but the premium cushions potential losses. It’s a financial seesaw! ⚖️
Of course, there are risks involved, like general investment risks and XRP-specific risks such as high volatility and supply shocks. But hey, that’s just part of the fun! 🎢
The XRP ETF Race: Who’s Next? 🏎️
In the US, we have leveraged or futures-based XRP ETFs, like Teucrium 2x Long Daily XRP ETF and ProShares Ultra XRP ETF. But the SEC is expected to approve spot XRP ETFs from big players like Franklin Templeton, Bitwise, 21Shares, and Grayscale later this year. Fingers crossed! 🤞
According to Polymarket bettors, XRP ETFs have an 86% chance of being approved by the SEC in 2025. Place your bets, folks! 💰
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2025-08-30 00:15