The exchange-traded fund is designed to earn income from writing options against cryptocurrency stocks.
Asset manager REX Financial has launched an exchange-traded fund (ETF) designed to earn income from writing options against cryptocurrency stocks, according to a Sept. 18 announcement.
The REX Crypto Equity Premium Income ETF executes a “covered call” strategy, holding a basket of 25 crypto stocks and writing out-of-the-money options against them to earn income from the options premiums.
The ETF holds the stocks in the BITA Crypto Assets & Digital Payments Index, including “those that operate in crypto mining, trading, custody, blockchain technology development, and the creation of digital payment solutions,” REX said.
