**[Amplify Submits XRP Options Income ETF Application to the U.S. SEC]** According to a report by Jinse Finance, investment management firm Amplify Investments submitted a preliminary prospectus for an XRP Monthly Options Income Exchange-Traded Fund (ETF) to the U.S. Securities and Exchange Commission (SEC) on August 29. The fund aims to balance high income and capital appreciation by investing in XRP price returns combined with a covered call options strategy. Currently, the SEC is still processing a large backlog of crypto asset ETF applications, including spot ETF proposals for 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, with rules approved in July allowing authorized participants to create and redeem crypto ETFs in physical form. As of August 28, Bloomberg data indicates that over 90 crypto-related applications are awaiting SEC review. If approved, this would not be Amplify's first crypto ETF. The company also manages a fund that invests in "equity of companies related to blockchain technology" and another covered call options income fund based on Bitcoin price returns. According to its official website, Amplify currently manages $12.6 billion in assets.