REX Shares launched the REX IncomeMax Option Strategy ETF, aiming to generate weekly income from volatile stocks, including crypto companies. The ETF holds $230,000 in equity from firms like Core Scientific, Gemini, and Figure, offering exposure to up to 30 publicly traded companies.

Trading under “ULTI,” the ETF actively manages put and call positions on volatile equities to mitigate market swings. CEO Greg King described it as a high-income strategy focused on the most volatile market names, offering amplified exposure to price swings through options contracts.

REX’s ETF’s composition changes weekly, potentially excluding exposure to crypto firms at times. The focus is on income generation for investors, with CEO Greg King emphasizing the product’s versatility in the emerging crypto field.

REX Shares, known for launching the first XRP ETF in the US, recently introduced ETFs tied to XRP and Dogecoin. The latest ETF differs from the Crypto Equity Premium Income ETF, which tracks 25 US companies actively involved in crypto but does not guarantee distributions.

Read more at Yahoo Finance: REX IncomeMax ETF Taps Volatile Crypto Firms to Turn Price Swings Into Weekly Income