XRPM Amplify XRP 3% Monthly Premium Income ETF

$XRPM I’ve been digging into XRPM’s daily holdings with GPT trying to figure out how they plan to keep NAV from getting destroyed when XRP makes a big run through weekly XRPC etf covered calls. Something interesting happened. On 9/30 they held 165,881 XRPC shares. On 10/1 that dropped to 87,000 and cash jumped to $1.397M. Today XRPC jumped to 210,300 shares and cash went negative $557K. Meanwhile the 8,008 synthetic long XRPC contracts AND 8,008 short XRPC $16.87 calls didn’t change. So they now have substantially more direct XRPC etf exposure outside that covered block. I’ve had a “rubber band” theory that they have to dynamically increase uncapped exposure, reduce calls, or move strikes as XRP runs or this thing mathematically gets killed by volatility. Maybe this is part of how they handle it. I’m watching the daily holdings now to see what they do as XRPC approaches the $16.87 strike.. stay tuned..

$XRPM don't trust this ticker anymore and probably selling after next divvy. It's down like 10% after XRP has been flat/up a bit during the past month? wtf

$XRPM yeah.. this thing has potential to get fucked. In Aug, xrp rallied 50% in one week. XRPM capped that week at around 13-14% and has been taking the losses with xrp… now, if xrp pulls back from here xrpm will continue its downward move to $8 and below. While at the same time selling 3% to pay the dividend with our own money. This could be a death spiral to hell. xrp swings seem to be too big for this system… especially if weekly options are sold at 10% out of the money and it moves 40,50,60% in a week. This will either turn the corner and run… or fall into oblivion. Based on that Aug 17 weekly bar; it’s not looking good, and dripping more shares will only compound that issue. I may be seeing it wrong, but that’s what I see so far on limited data.

$XRPM I want to know how this had $0 recovery and participation in 100% downside. That makes no sense. I understand capped upside, but.. 0 upside off the bottom? 🤔

$XRPM Keep them accountable. They failed at participating in any XRP upside. There is no longer a reason to hold this scam.

$XRPM We need to pump this up for tommorow’s dividend declaration. 3% of the price. LFG!!! I bought more and of course it’s going down.

$XRPM Is this a real scam guys? Can anyone explain hit this shit works because whatever I thought that I know it turned out I don’t know shit anymore. Are you selling with a loss to preserve capital or stay ? Thanks

$XRPM So no actual XRP only 62% XRP ETFs with a bunch of US treasury bonds. Make sense why it doesn’t directly move with the XRP price 🤔

$XRPM is there any reason the dividend (cash amount) is going down over the months? Was .67 last December now only .31