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…
