Amplify Investments has submitted an application to the U.S. Securities and Exchange Commission (SEC) to launch a new exchange-traded fund (ETF) focused on XRP cryptocurrency, aiming to deliver consistent income to investors. This move could significantly alter how crypto investments are structured in traditional markets. The proposed ETF will employ a unique covered call strategy, generating income by simultaneously owning XRP and selling matching call options. Amplify Investments, with $12.6 billion in assets under management, has demonstrated expertise in managing large-scale investment products, positioning itself as a leader in the burgeoning crypto ETF market. This potential landmark approval would mark a significant step forward for crypto ETFs, potentially increasing institutional adoption of digital assets.