Amplify ETFs declared March income distributions for its crypto option income suite, with annualized rates spanning from 27.90% to 50.52% across six funds that target different digital assets.
Key Takeaways
- Amplify’s crypto option income ETFs declared March distributions ranging from 27.9% to 50.52% annualized.
- The funds write weekly covered calls on crypto ETPs rather than holding Bitcoin, Ethereum, Solana or XRP directly.
- Two funds write calls on entire portfolios for maximum income, while four use more conservative strategies.
The crypto option income funds use covered call strategies on digital asset exchange-traded products rather than holding cryptocurrencies directly, according to a Monday press release. The funds write weekly options to generate monthly income while maintaining exposure to price movements in Bitcoin, Ethereum, Solana, and XRP.
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The two funds pursuing maximum income led the distributions. The Amplify Ethereum Max Income Covered Call ETF (EHY) posted a 50.52% annualized rate with a per-share payout of $0.44375, while the Amplify Bitcoin Max Income Covered Call ETF (BAGY) distributed at 41.80%, paying $0.96966 per share, according to the release.
The remaining four funds target more moderate income levels. The Amplify Solana 3% Monthly Option Income ETF (SOLM) recorded a 38.58% distribution rate, distributing $0.35010 per share and the Amplify XRP 3% Monthly Option Income ETF (XRPM) followed close behind at 36.82% with a $0.42900 payout, according to the release.
The other two funds in the suite posted similar rates. The Amplify Ethereum 3% Monthly Option Income ETF (ETTY) came in at 36.10%, distributing $0.32790 per share, while the Amplify Bitcoin 2% Monthly Option Income ETF (BITY) rounded out the group at 27.90%, paying $0.69480 per share, according to the release.
How the Strategies Differ
The wide range in distribution rates reflects different approaches to balancing income and growth potential. BAGY and EHY write covered calls on their entire portfolios, setting strike prices 5% to 10% above current levels to maximize premium income while retaining some weekly upside potential, according to the funds’ factsheets.
BITY, ETTY, SOLM and XRPM take a different path. These funds write calls on roughly 30% to 60% of their holdings, leaving a larger portion available to capture price appreciation, according to their factsheets. BITY targets 24% annual option income, while ETTY, SOLM and XRPM each aim for 36% annual premiums.
All six funds use weekly options rather than monthly contracts, allowing them to collect premiums four times as often and potentially compound income over time, according to the factsheets. The funds gain exposure through exchange-traded products that track digital assets rather than holding Bitcoin, Ethereum, Solana or XRP directly.
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