REX IncomeMax ETF Taps Volatile Crypto Firms to Turn Price Swings Into Weekly Income

Core Insights - REX Shares launched the REX IncomeMax Option Strategy ETF, aimed at generating weekly income from price volatility in U.S. stocks, particularly in the crypto sector [1][2] - The ETF employs a hedge-fund style strategy, focusing on option premium income and will have exposure to up to 30 publicly traded companies [1][2] ETF Composition and Strategy - The ETF currently holds $230,000 in equity from firms like Core Scientific, Gemini, and Figure, which are involved in the crypto space [2] - Trading under the ticker "ULTI," the ETF utilizes a mix of put and call options to manage volatility and mitigate downside risks [2][3] - The composition of the ETF is expected to change weekly, indicating potential periods without exposure to crypto firms [4] Market Positioning - The ETF represents a shift towards an actively managed, high-income strategy focused on volatile market names, rather than a specific sector [3][4] - REX has previously launched products linked to the crypto market, including the first U.S. ETF offering exposure to XRP and another linked to Dogecoin [4] Comparison with Other Products - The REX IncomeMax Option Strategy ETF is distinct from the Crypto Equity Premium Income ETF, which is based on an index of 25 crypto-related companies and has made 10 distributions since its inception [5]