Amplify ETFs has introduced the Amplify XRP 3% Monthly Premium Yield ETF (XRPM), marking its first XRP-based options yield fund. The ETF, part of Amplify's YieldSmart line, aims for a 3% monthly return by selling weekly out-of-the-money call options on 30% to 60% of its XRP exposure, while leaving 40% to 70% unhedged to capture potential gains. The fund targets an annualized option premium of 36% and charges a 0.75% management fee, distributing profits monthly. Notably, XRPM does not directly invest in XRP tokens.