Despite the US Securities and Exchange Commission’s (SEC) continued delay in approving spot XRP ETFs, a new filing by Amplify ETFs presents a potentially advantageous strategy. This application for an XRP options income ETF, unlike traditional spot-based ETFs, uses options strategies to generate consistent monthly returns for investors. [Note: A breakdown of the options income ETF’s mechanism is provided below.] The application marks a departure from the standard approach and could benefit from the SEC’s recent shift towards more nuanced regulatory policies. This follows the resignation of Gary Gensler, which led to a less aggressive stance on crypto regulation. While numerous XRP-related futures ETFs have been approved, a spot XRP ETF has yet to receive SEC approval. [Note: An update on XRP ETF application odds is provided below.] However, despite the continued delay, industry experts and predictions suggest that Amplify’s proposal may be more likely to gain approval this year.