According to online reports, investment management firm Amplify Investments submitted a preliminary outlook for XRP monthly options income exchange-traded funds (ETFs) with the U.S. Securities and Exchange Commission (SEC) on August 29. The fund aims to balance high returns and capital appreciation by investing in XRP price returns combined with a covered call option strategy. At present, the SEC still has a large backlog of pending applications for crypto-asset ETFs, including spot ETF proposals such as XRP, Litecoin, Dogecoin and Solana submitted by institutions such as Grayscale, 21Shares and Bitwise. Since the Trump administration took office, the SEC's stance on crypto ETFs has shifted significantly, approving rules in July that authorize participants to create and redeem crypto ETFs in physical form. As of August 28, Bloomberg data showed that more than 90 cryptography-related applications were pending review by the SEC. If approved, this will not be Amplify's first crypto ETF. The company also manages a fund that invests in "equity of blockchain technology-related companies" and another covered call option income fund based on Bitcoin price returns. According to official website data, Amplify currently manages assets of US$12.6 billion.