Amplify ETFs, the issuer known for thematic and income-driven fund products, has just launched the Amplify Solana 3% Monthly Option Income ETF (BATS:SOLM), a first-of-its-kind product combining the growth momentum in Solana (CRYPTO: SOL) with steady income.
The ETF targets an ambitious 36% annual option premium income by deploying a short-term covered call strategy on Solana exposure, at an expense ratio of 0.75%.
• See how SOLM is doing here.
The fund joins Amplify’s YieldSmart suite of actively managed income ETFs, but SOLM’s crypto foundation makes it stand apart. Where Bitcoin ETFs …Full story available on Benzinga.com
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