Amplify Ethereum Max Income Covered Call ETF
Fund Details
| Ticker | EHY |
| Launch Date | 10/09/2025 |
| Primary Exchange | CBOE BZX |
| CUSIP | 032108417 |
| Net Assets | $750,000 |
| Shares Outstanding | 30,000 |
| # of Holdings (view all holdings) | TBD |
| Total Expense Ratio: | 0.75% |
| Distribution Frequency | Monthly |
| Anticipated Annualized Option Premium | 50%-80% |
Regulatory Documents
Why Invest in EHY ETF?
- Max Income Focus: EHY seeks 50% - 80% annualized option premium1 and Ether price appreciation potential up to 10% each week.
- 4x More Options: EHY uses weekly call options seeking to collect premiums 4x more often than monthly options, enabling the potential for compounded income and enhanced Ether price returns.
- Harvest Volatility: When Ether price volatility rises, EHY option income potential increases, using volatility to help enhance premium income and total returns.
Objective and Strategy
The Amplify Ethereum Max Income Covered Call ETF seeks to maximize current income through a covered call strategy tied to the investment exposure to the price return of Ether. EHY seeks 50-80% annualized option premium income, while offering Ether upside potential. By using weekly covered call option writing techniques, EHY seeks to harness Ether price volatility, transforming it into valuable income opportunities.
Yield
| Distribution Rate* | N/A | 30-Day SEC Yield** | N/A | |
| Distribution Frequency | Monthly | |||
* Distribution Rate is the normalized current distribution (annualized) over NAV per share. In addition to net interest income, distribution on XX/XX/XXXX included an estimated return of capital of XX%. See Form 19a-1.
** 30-Day SEC Yield is a standard yield calculation developed by the Securities and Exchange Commission that allows for fairer comparisons among bond funds. It is based on the most recent month end. This figure reflects the income earned from dividends – excluding option income – during the period after deducting the Fund’s expenses for the period.
Fund Holdings
| TOP STRATEGIC HOLDINGS | |||
|---|---|---|---|
Holdings and allocations are subject to change at any time and should not be considered a recommendation to buy or sell a security. The ETF seeks to participate in the price return of Ether by selling options on Ethereum exchange traded products (ETPs).
Ether Key Facts:
Ether is a leading digital asset with real utility — the essential fuel that powers the Ethereum blockchain, the world’s most widely used blockchain platform for decentralized applications and smart contracts. Ether cryptocurrency is required to transact on the Ethereum blockchain. Every transaction, contract execution, and innovation on Ethereum is made possible by Ether. Ether has enticing growth potential due to its status as a utility token (needed to use the Ethereum network), and an investment asset with scarcity value and upside potential.
- What it is: Ether is the native cryptocurrency of Ethereum, the world’s most widely used programmable blockchain.
- Primary use: Ether powers transactions, smart contracts, and decentralized applications (dApps) on Ethereum. Every action on the network requires Ether cryptocurrency as “gas” to execute.
- Why it matters: Beyond value as a tradable asset, Ether is essential infrastructure for Ethereum-based DeFi (decentralized finance), stablecoins, autonomous AI agents, NFTs (non-fungible tokens), and Web3 — making it both a cryptocurrency and a utility token. Ether demand is tied to the growth and use of its decentralized application ecosystem.
EHY Weekly Covered Call Construction
Buy
Buy long exposure to Ether through Ethereum exchange-traded products (ETPs) and options.
Seeks 50-80% Annual Premium Income
Write
Sell weekly calls on all of the portfolio, 5-10% OTM2, to maximize income and still provide 5-10% Ether upside potential weekly.
Roll
On a weekly basis replace expiring covered call option with the new one (roll) to help generate ongoing option premiums.
Distribute
EHY seeks to pay monthly distributions that include targeted option income premiums.
There is no guarantee distributions will be made. Given market volatility, the actual annualized option premium received may be significantly higher or lower than the stated range.
Weekly Call Options Differentiators
Weekly call options may offer several benefits, including accessing weekly premium income, potential to capitalize on short-term market movements, increased flexibility, and improving risk management opportunities:
Weekly Premium Income: Weekly call options enable more frequent premium collection, potentially increasing overall premium income through compounding and consistency.
Capturing Short-Term Price Movements: Weekly options are better suited for capturing short-term price movements and volatility, which provides the opportunity to capitalize more often than with less frequent options.
Flexibility and Adjustment Ability: Weekly options enhance flexibility to adjust position size and strike prices based on market movements, particularly useful for volatile markets.
Risk Management: Using weekly options may reduce the risk of missing upside versus longer expiration options. Additionally, income premiums earned from covered calls may help offset losses during periods of market volatility.
Sector Allocation
Market Capitalization
| LARGE CAP (> $10B): | N/A |
| MID CAP ($2B - $10B): | N/A |
| SMALL CAP ($300M - < $2B): | N/A |
| MICRO CAP (<$300M): |
Fund holdings are subject to change at any time and should not be considered recommendations to buy or sell any security.
Performance
| CUMULATIVE (%) | ANNUALIZED (%) | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 Mo. | 3 Mo. | 6 Mo. | YTD | Since Inception | 1 Yr. | Since Inception | |||
| Month end as of TBD | |||||||||
| NAV | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
| Closing Price | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
| Quarter end as of TBD | |||||||||
| NAV | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
| Closing Price | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Fund inception date: 10/08/2025. The performance data quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. Brokerage commissions will reduce returns. NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. The closing price is the last price at which the fund traded.
NAV and Market Price
| Previous Day's NAV | Previous Day's Market Price | |||
|---|---|---|---|---|
| Net Asset Value | $25.00 | Closing Price | N/A | |
| Daily Change | N/A | Daily Change | N/A | |
| % Daily Change | N/A | % Daily Change | N/A | |
| 30-Day Median Bid/Ask Spread | N/A | Premium/Discount % | N/A | |
| Premium Discount History | ||||
Daily Price/NAV Performance
Premium/Discount
The table and line graph are provided to show the frequency at which the closing price of the Fund was at a premium (above) or discount (below) to the Fund's daily net asset value ("NAV"). The table and line graph represent past performance and cannot be used to predict future results. Shareholders may pay more than NAV when buying Fund shares and receive less than an NAV when those shares are sold because shares are bought and sold at current market prices.
This is your Counts mockup
| Calendar Year | Calendar Year through | |
|---|---|---|
| Days traded at premium | 0 | 0 |
| Days traded at net asset value | 0 | 0 |
| Days traded at discount | 0 | 0 |
1An option premium is the cost an option buyer pays to the seller for the right to trade an asset at a set price within a certain period.
2OTM means calls are written using an out of the money strategy.
Investing involves risk, including the possible loss of principal. There is no guarantee the investment strategy will be successful. The Fund is considered to be non-diversified. The Fund is actively managed and its performance reflects the investment decisions that the Adviser makes for the Fund.
The Fund is exposed to significant risks through investments in Ether via Ether ETPs and Ether ETP Options. Ether is a highly speculative asset with a volatile market subject to rapid shifts, regulatory uncertainty, and adoption challenges. Issues such as slow transaction speeds, variable fees, and price swings amplify these risks.
Digital asset regulation remains unsettled, and trading of Ether ETP shares on U.S. exchanges may be halted due to market conditions or exchange discretion. Option prices are volatile and influenced by the underlying asset, interest and currency rates, and expected volatility –all shaped by political and economic policies. FLEX Options may be less liquid than standardized options, making timely exits difficult.
Covered call strategies may limit upside potential while still exposing the Fund to downside risk. Covered puts can incur substantial losses if the underlying asset rises sharply, with premiums offering limited protection. Monthly distributions may include return of capital, which lowers the investor’s cost basis and could result in higher future taxes upon sale –even if shares are sold at a loss.
Amplify Investments LLC serves as the investment adviser to the Fund. Kelly Strategic Management, LLC and Penserra Capital Management LLC each serve as investment sub-advisers to the Fund.