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

In brief

  • REX Shares unveiled the REX IncomeMax Option Strategy ETF.
  • The products seeks to turn volatility into weekly income.
  • The product has exposure to several crypto firms.

REX Shares unveiled an exchange-traded fund on Friday that will try to turn price swings into weekly income for some of the U.S. market’s most volatile stocks, including crypto-focused companies.

The product, dubbed the REX IncomeMax Option Strategy ETF, follows a hedge-fund style strategy to provide cash flow through option premium income, the company said in a statement. To that end, the ETF will have exposure to as many as 30 publicly traded firms, REX added.

The ETF hasn’t made its first distribution yet, but it currently holds $230,000 worth of equity in…

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