REX Shares Launches IncomeMax ETF Targeting Volatile Crypto Firms
- REX Shares introduced the REX IncomeMax Option Strategy ETF to generate weekly income from market volatility.
- The ETF has exposure to up to 30 publicly traded firms, including $230,000 in equity in crypto mining firm Core Scientific and crypto exchange Gemini.
- Trading under the ticker symbol “ULTI,” it manages put and call positions on volatile equities for downside mitigation against extreme market swings.
- The ETF’s composition shifts weekly, potentially having periods with no exposure to crypto firms.
- REX was also behind the first U.S. ETF offering exposure to XRP and another linked to Dogecoin.
The REX IncomeMax Option Strategy ETF is designed as a hedge-fund-style product aiming for cash flow through option premium income by leveraging volatility in the market, particularly within crypto-related firms like Core Scientific and Gemini.
This strategy allows investors to focus on income generation rather than sector-specific investments, reflecting REX’s innovative approach in tying products to the emerging crypto field while managing risk through active trading strategies. (Source)
