Amplify Investment Files has taken another big step in the crypto fund space by submitting an application for an XRP ETF designed to generate income through options trading.
The company, which manages around $12.6 billion in assets, filed the request with the U.S. Securities and Exchange Commission (SEC).
This product will be called the Amplify XRP-Monthly Option Income ETF and is expected to be listed on the Cboe BZX Exchange.
The filing comes at a time when demand for crypto-linked investment products is growing, and investors are closely tracking every update in the xrp etf news cycle.
Unlike spot ETFs, which directly hold the digital asset, Amplify’s new product will not invest in the cryptocurrency itself. Instead, the fund uses an options strategy linked to XRP ETF.
Minimum 80% of its net assets will go into financial instruments tied to its’s price, such as ETF-shares and options.
The remaining 20% will be distributed to safer holdings like the U.S. Treasuries and cash, which assists balance risks.
The trading approach involves buying call options and selling put options with matching strike prices and expiration dates.
Another strategy includes buying in-the-money call options.
This design allows the fund to create income streams without holding the token directly.
Amplify has noted that the xrp etf approval process is still pending, but if cleared, the product could begin trading as early as November 2025.
Currently, there are 16 pending XRP ETF applications in the U.S., out of which seven are spot-ETF proposals from big names like Grayscale, 21Shares, CoinShares, Bitwise, WisdomTree, Canary, and Franklin Templeton. According to Bloomberg analyst James Seyffart, there are now 92 crypto-ETF applications in total awaiting SEC decisions.
After this altcoin with 7 applications under review, Solana is also leading in filings, with eight applications under review, respectively.
Many of these applications face October 2025 deadlines, a point where analysts believe the SEC will need to make final decisions.
Industry expert Nate Geraci suggests that if approvals arrive, they could unlock strong demand for XRP-linked funds, similar to what happened earlier with futures-based products.
This shows that while Amplify’s move is innovative, it also reflects a much larger race among asset managers to secure positions in the growing altcoin-ETF market.
In the short term, the price fell 4.31% in just one day, underperforming the broader crypto market, which decreased by 2.82%. Currently the coin is trading at $2.82, while the trading volume has surged by 40.72% in the last 24 hours as per the Coinmarketcap.