Amplify CWP Growth & Income ETF: A Unique Combination of Capital Appreciation and High Current Income

The Amplify CWP Growth & Income ETF (QDVO) is a unique ETF that combines capital appreciation and high current income through a "price + dividends + options" strategy. It is part of the Amplify "Three-in-One" ETFs family and offers a return derived from three components: price, dividends, and options. The ETF's unusual combination of objectives makes it stand out from traditional ETFs, and it may be of interest to investors seeking both growth and income.

Grayscale has filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) to convert its existing Avalanche (AVAX) Trust into a publicly traded spot Avalanche ETF on Nasdaq. Upon listing, the trust will be renamed the Grayscale AVAX Trust ETF [1].

The proposed ETF will issue shares in blocks of 10,000, known as "Baskets," which will be created and redeemed by authorized participants. Initially, the ETF will accept only cash orders, with in-kind creations and redemptions pending future regulatory approval. Grayscale’s spot Avalanche ETF will be administered by BNY Mellon, with Coinbase serving as custodian and prime broker, and CSC Delaware Trust Company acting as trustee [1].

This move is part of Grayscale’s broader strategy to expand its ETF offerings beyond Bitcoin (BTC) and Ethereum (ETH). The firm is currently pursuing funds for other digital assets including Solana (SOL), Cardano (ADA), and Litecoin (LTC), alongside a proposed multi-crypto fund [1].

The filing coincides with major developments on the Avalanche network. SkyBridge Capital recently announced plans to tokenize $300 million worth of assets on the network, and Toyota Blockchain Lab is set to launch its MON prototype using Avalanche’s multi-L1 architecture [1].

The Grayscale AVAX Trust ETF, if approved, will allow investors to gain exposure to Avalanche through a more accessible and regulated investment vehicle, potentially driving further adoption and liquidity for the AVAX token.

References:
[1] https://crypto.news/grayscale-files-s-1-to-convert-avax-trust-into-spot-avalanche-etf/