ETF Evaluator:
Amplify XRP 3% Monthly Option Income ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Digital Assets Over the Last Year
| 1090.2% | Grayscale Zcash Trust (ZEC) (ZCSH) |
| 112.1% | ProShares UltraShort Bitcoin ETF (SBIT) |
| 35.7% | ProShares Short Ether ETF (SETH) |
| 12.3% | Simplify US Equity PLUS Bitcoin Stgy ETF (SPBC) |
| 10.8% | Proshares UltraShort Ether ETF (ETHD) |
Risk
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Risk
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ETF Details
Amplify XRP 3% Monthly Option Income ETF Overview
Amplify XRP 3% Monthly Option Income ETF (XRPM) is an actively managed Miscellaneous Digital Assets exchange-traded fund (ETF). Amplify ETFs launched the ETF in 2025.
The investment seeks to balance high income and capital appreciation through investment exposure to the price return of XRP and a covered call strategy.
The fund seeks to participate in the price return of XRP (“XRP Price”) and to generate a high level of annualized option premium by selling options on U.S.-regulated ETFs that provide exposure to XRP (“XRP ETPs”). The fund will seek to vary its option selling each week to a level sufficient to generate 36% annualized option premium (the “Target Option Premium”), based upon the NAV of the fund each time the fund sells the weekly options contracts. The fund is non-diversified.
About Amplify XRP 3% Monthly Option Income ETF (XRPM)
There are 5 members of the management team with an average tenure of 0.70 years: Dustin Lewellyn (2025), Kevin Kelly (2025), Ernesto Tong (2025), Gerry O’Donnell (2025) and Christine Johanson (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
Amplify XRP 3% Monthly Option Income ETF has 17 securities in its portfolio. The top 10 holdings constitute 117.9% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Amplify XRP 3% Monthly Option Income ETF is part of the Other global asset class and is within the Miscellaneous ETF group. Amplify XRP 3% Monthly Option Income ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is -10.7% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Amplify XRP 3% Monthly Option Income ETF has 67.5% of the portfolio in cash.
Assets Under Management
The fund has $10 million in total assets, which is below the $564 million average for the Digital Assets category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
XRPM Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Amplify XRP 3% Monthly Option Income ETF expense ratio is above average compared to funds in the Digital Assets category. Amplify XRP 3% Monthly Option Income ETF has an expense ratio of 0.75%, which is 23% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Amplify XRP 3% Monthly Option Income ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 82% for the Digital Assets category.
Recently, in the month of July 2026, Amplify XRP 3% Monthly Option Income ETF returned 2.9%, which earned it a grade of C, as the Digital Assets category had an average return of 2.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Amplify XRP 3% Monthly Option Income ETF has a trailing yield of 0.00%, which is below the 15.12% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Amplify XRP 3% Monthly Option Income ETF Grades
Year to date, the ETF has returned -41.4%, 10.7 percentage points worse than the category, which translates into a grade of D.
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XRPM Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| XRPM Return (NAV) | 2.9% | -18.5% | na | na | na | na |
| XRPM Return (Price) | 3.5% | -18.6% | na | na | na | na |
| NAV +/- Price Return | -0.549% | 0.073% | na | na | na | na |
| Digital Assets Avg | 2.9% | -16.7% | -32.2% | 6.2% | -17.1% | 54.9% |
| XRPM Grade (NAV) | C | D | na | na | na | na |
| +/- Category (NAV) | -0.0% | -1.8% | na | na | na | na |
| XRPM Tax-Cost Ratio | na | na | na | na | na | na |
XRPM Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| XRPM Return (NAV) | -41.4% | na | na | na | na | na | na | na | na | na | na |
| XRPM Return (Price) | -40.8% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.015% | na | na | na | na | na | na | na | na | na | na |
| Digital Assets Avg | -30.7% | -9.9% | 65.8% | 127.8% | -72.3% | 199.4% | 175.1% | 11.8% | -81.4% | 1391.4% | 119.9% |
| XRPM Grade (NAV) | D | na | na | na | na | na | na | na | na | na | na |
| +/- Category | -10.7% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 11 Mil |
| Share Class Assets: | $ 11 Mil |
| Turnover: | na |
| Expense Ratio: | 0.75% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 0.7 years | |||
| Average Tenure: 0.7 years | |||
| Managers (Year): Lewellyn Dustin (2025), Kelly Kevin (2025), Tong Ernesto (2025), O’Donnell Gerry (2025), Johanson Christine (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 17 |
| % in Top 10 Holdings: | 117.9% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | -10.7% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 43.2% |
| Cash: | 67.5% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Amplify ETFs |
| Phone Number: | 855-267-3837 |
| Website: | |
| Inception Date: | November 17, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.75% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.97% |
