Amplify Solana 3% Monthly Option Income ETF
Fund Details
| Ticker | SOLM |
| Launch Date | 11/04/2025 |
| Primary Exchange | CBOE BZX |
| CUSIP | 032108391 |
| Net Assets | $750,000 |
| Shares Outstanding | 30,000 |
| # of Holdings (view all holdings) | TBD |
| Total Expense Ratio: | 0.75% |
| Distribution Frequency | Monthly |
| Target Annualized Option Premium | 36% |
Fund Documents
Regulatory Documents
Why Invest in SOLM ETF?
- Growth & High Income Focus: SOLM is designed to capture SOL price appreciation potential and seeks 36% annualized option premium income.1
- 4x More Options: SOLM uses weekly call options seeking to collect premiums 4x more often than monthly options, enabling the potential for compounded income and enhanced SOL price returns.
- Harvest Volatility: When SOL price volatility rises, SOLM option income potential increases, using volatility to help enhance premium income and total returns.
Objective and Strategy
The Amplify Solana 3% Monthly Option Income ETF seeks to balance high income and capital appreciation through investment exposure to the price return of Solana (SOL) and a covered call strategy. By using weekly covered call option writing techniques, SOLM seeks to harness SOL price volatility, transforming it into valuable income opportunities. SOLM aims for significant Solana upside exposure and 36% covered call option income annually.
The Fund does not invest directly in SOL. The annualized option premium may be significantly higher or lower than the stated range.
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 SOL by selling options on Solana exchange traded products (ETPs).
Solana Key Facts:
SOL is the native cryptocurrency of Solana, a high-performance blockchain built for speed, scalability, and low-cost transactions. Solana’s architecture enables thousands of transactions per second, making it one of the fastest blockchains globally. Solana is the fastest growing stablecoin issuer, and is seeking to position itself as the foundation for on-chain finance. Every action on the Solana network requires SOL, giving SOL enticing growth potential due to its status as a utility token (needed to use the Solana network), and an investment asset with upside potential.
- What it is: SOL is the native cryptocurrency of Solana. Every action on the
Solana network requires SOL cryptocurrency, reinforcing its role as both a utility token and a key driver of network activity. - Primary use: Solana is used for smart contracts, high-frequency trading, stablecoin transactions, tokenized assets, and decentralized finance (DeFi). Its ultra-low fees and high-speed, scalable transactions make it ideal for real-time payments and international financial applications.
- Why it matters: Solana has gained recognition as the leading revenue-generating blockchain, and major financial institutions are leveraging its network for tokenization, payment settlement, and stablecoin solutions. Through these partnerships, Solana is actively bringing traditional finance on-chain—building the infrastructure for a decentralized financial future.
Two Sides of the Coin for SOLM
LONG ONLY PORTION OF PORTFOLIO
- Long Exposure to SOL
- Upside Participation: Unlimited upside potential on ~40-70% of the portfolio, tied to the price of Solana
COVERED CALL PORTION OF PORTFOLIO
- Weekly covered calls written 5-10% out-of-the-money
- Upside Participation: ~30-60% of the portfolio retains 5–10% weekly capital appreciation potential
- Income Generation: Targets 3% monthly income, 36% annually
SOLM: Significant Solana upside exposure meets 36% target annual option income.
SOLM Weekly Covered Call Construction
Buy
Buy long exposure to SOL through Solana exchange-traded products, futures, and options.
Target 36% Annual Premium Income
Write
Sell weekly calls on a portion of the portfolio, 5-10% OTM2, to target 36% annual option premium income while providing upside potential.
Roll
On a weekly basis replace expiring covered call option with the new one (roll) to help
generate ongoing option premiums.
Distribute
SOLM 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 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: 11/03/2025. 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
Daily Price/NAV Performance
| 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 | ||||
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 | N/A | N/A |
| Days traded at net asset value | N/A | N/A |
| Days traded at discount | N/A | N/A |
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 SOL via Solana exchange traded products, futures, and options. SOL 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 Solana 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.
Amplify ETFs are distributed by Foreside Fund Services, LLC.