Overview
- XRPM employs an actively managed covered‑call strategy, writing weekly out‑of‑the‑money calls on 30% to 60% of the portfolio while keeping 40% to 70% long‑only to retain upside.
- The fund targets 3% in monthly option premiums, or 36% annualized, and pays distributions each month.
- XRPM discloses a 0.80% expense ratio and uses weekly options to adjust strike levels more frequently based on market conditions.
- Kelly Strategic Management LLC and Penserra Capital Management LLC are named as sub‑advisers to the fund.
- The product joins Amplify’s YieldSmart suite as crypto ETF offerings broaden, including Canary’s recent spot XRP ETF, and Amplify signals a forthcoming Solana option‑income fund.