Amplify has launched the Solana 3% Monthly Option Income ETF (SOLM) on November 4, 2025, offering a 36% annual yield through a covered call strategy targeting Solana ETPs.
This launch highlights a shift toward yield-focused crypto investment products, potentially increasing trading activity in Solana-related ETPs without directly impacting Solana's on-chain ecosystem.
ETF Details and Management
Amplify ETFs has launched the Solana 3% Monthly Option Income ETF (SOLM), targeting a 36% annual yield. The ETF is designed to deploy a covered call strategy focusing on Solana-linked exchange-traded products and derivatives.
"SOLM seeks to pay monthly distributions that include targeted option income premiums." - Kevin Kelly, Portfolio Manager, Kelly Intelligence, Amplify ETF Prospectus
Kevin Kelly and Gerry O’Donnell lead the management of the ETF, bringing extensive experience in options trading and crypto derivatives. The team seeks to offer attractive monthly income alongside potential for long-term capital appreciation.
Impact on Solana and Trading Strategies
The ETF utilizes Solana-linked products without directly investing in Solana. By utilizing a covered call strategy, the fund seeks to drive secondary trading activity in Solana exchange-traded products. Market effects are expected to be significant for investors seeking yield opportunities. However, there is no direct impact on Solana's on-chain liquidity, token flow, or staking dynamics.
Launch and Broader Market Considerations
The fund's launch on Cboe BZX exchange signals accessibility for institutional investors. Despite this, no major crypto influencers or regulatory bodies have offered comments on the ETF’s prospects or structural design.
Insights from similar Bitcoin and Ethereum ETFs suggest stable yield potential without affecting native token protocols. The fund's focus on derivative products means it will only influence related ETF markets, leaving Solana's protocol operations unchanged.