SEC Review Pending: Amplify Submits Proposal for XRP Monthly Option Income ETF
The crypto market is witnessing a surge in ETF proposals, with over 90 crypto-related filings currently on the Securities and Exchange Commission (SEC)'s desk. Among these, Amplify Investments has filed a prospectus for a new XRP Monthly Option Income ETF.
Amplify's XRP ETF could appeal to both income-focused investors and long-term XRP believers, carving out a unique position in the crowded ETF marketplace. The goal of this fund is to generate a steady monthly income for investors while offering exposure to XRP's price performance.
The fund aims to achieve this by using a covered call strategy, a method Amplify Investments has already successfully employed in their Bitcoin income ETF. With a track record of packaging innovative investment products, Amplify has $12.6 billion in assets under management, serving both retail and institutional clients.
The SEC's decisions on altcoin ETFs will shape the next phase of crypto's integration into mainstream finance. The agency's stance on crypto ETFs has shifted noticeably since President Trump took office, with a key turning point coming in July 2025 when the agency voted to allow in-kind creations and redemptions for crypto ETFs.
The strong performance of Bitcoin and Ethereum ETFs has proven investor appetite for regulated crypto products. This surge in crypto ETF filings underscores the industry's demand for regulated investment products that move beyond Bitcoin and Ethereum. Major proposals for altcoin ETFs include XRP, Solana, Litecoin, and Dogecoin from firms like Grayscale, 21Shares, and Bitwise.
The Amplify XRP Monthly Option Income ETF represents a step toward broader recognition and institutional adoption for XRP. If approved, it could potentially carve out a unique position in the ETF market, appealing to both income-focused investors and long-term XRP believers. The next step for the ETF is awaiting the SEC's review and decision, which is expected amid a crowded field of over 90 crypto-related ETF applications, with rule-making and approval decisions anticipated around October.
The SEC has a backlog of ETF proposals, reflecting strong industry demand for regulated altcoin investment products. As the regulatory landscape continues to evolve, it remains to be seen how the SEC will approach these applications. However, the strong performance of Bitcoin and Ethereum ETFs, coupled with the industry's demand for regulated altcoin products, suggests a promising future for the crypto ETF market.
In conclusion, the Amplify XRP Monthly Option Income ETF, if approved, could mark a significant milestone in the integration of XRP into mainstream finance. As the SEC continues to review these applications, the future of the crypto ETF market remains exciting and full of potential.
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