Amplify Proposes XRP Option Income ETF in SEC Filing | Tokenhell

Amplify has sought approval for an XRP ETF. Gumi has acquired $17 million worth of XRP, indicating huge interest from large investors and firms worldwide.

Asset manager Amplify, with $12.6 billion under management, has filed for an ETF with the U.S. Securities and Exchange Commission. Known as XRP Option Income, the filing shows plans to list the product on the Cboe BZX Exchange, with trading expected to begin in November.

Fund Details

The ETF will not hold XRP directly. Instead, it will invest at least 80% of its net assets in financial instruments that track the price of the altcoin. These include existing XRP ETFs and options tied to them. The strategy is designed to provide exposure to XRP’s price return and generate option premiums by selling contracts.

The remaining 20% of assets will be allocated to U.S. Treasuries, cash, or their equivalents. Amplify confirmed that the approach distinguishes this product from pending spot ETF applications, which seek direct exposure to XRP.

The fund may combine buying call options and selling put options at the same strike price and expiration. It could also purchase in-the-money calls. These positions offer synthetic exposure to XRP ETFs without requiring the actual holding of the asset.

Growing List of XRP ETF Applications

Amplify’s filing increases the total number of XRP ETF applications in the U.S. to sixteen. Seven of these are spot ETF applications submitted by firms such as Bitwise, Canary, CoinShares, Franklin Templeton, Grayscale, WisdomTree, and 21Shares.

The SEC is currently reviewing at least 96 crypto ETF filings. Solana leads with sixteen applications, followed by XRP with fifteen before the latest submission. Other cryptocurrencies included in filings are Dogecoin and Litecoin.

SEC Reviews and Market Impact

The SEC has not yet ruled on pending spot ETF applications related to this digital asset. Market observers note that approval timelines could be in October, though no final decision has been announced.

In recent months, the regulator has delayed decisions on several digital asset funds. These include Grayscale’s Cardano ETF, which has been under review since February. The SEC also invited public comments earlier this year on many other crypto products.

Despite these delays, new filings continue to arrive. Earlier this week, 21Shares submitted an application for an SEI ETF. This would be the first exchange-traded product tied to the Sei Network.

Institutional Participation

Data shows that institutional interest in crypto ETFs has grown steadily. The iShares Bitcoin Trust, owned by BlackRock, manages over $58 billion in BTC, which represents more than 3% of the total Bitcoin supply. Its Ethereum ETF also has the highest Ethereum holdings under management.

The success of these funds suggests that other crypto ETFs, such as XRP ETFs, may also be successful. Asset managers continue to request approval from the SEC to enable them to manage additional digital assets legally. 

Japanese Video Gaming Firm Makes Move to Own an XRP Treasury

As U.S. asset managers make more ETF requests, firms in other regions are also beginning to utilise XRP. Japanese gaming and blockchain company Gumi announced the creation of a digital asset treasury based on this cryptocurrency. The firm confirmed a purchase of 2.5 billion yen ($17 million) worth of this digital asset.

The acquisition was approved at a recent board meeting. Gumi stated that the crypto purchases will occur between September 2025 and February 2026. During this period, the company plans to integrate XRP into its financial operations.

Earlier in 2025, Gumi purchased $6.7 million (1 billion yen) in Bitcoin. The BTC is used in staking protocols such as Babylon to generate returns. Gumi described Bitcoin as a store of value, while the Ripple-associated coin will serve as a settlement and liquidity asset.

SBI Alignment and Ripple’s Role

XRP’s role in international remittances was highlighted as a reason for the purchase. Gumi noted its close ties with SBI Holdings, its largest shareholder, which actively promotes this digital asset for payments.

The company stated that the inclusion of Bitcoin and XRP in its treasury will positively contribute to the expansion of its business and increase its value. It will verify the progress made every quarter and provide a report of the impact on the earnings.

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