TL;DR
- Amplify’s new Solana ETF targets three percent monthly income.
- Covered calls on Solana generate the fund’s primary yield.
- Solana’s market value is currently over eighty-six billion dollars.
Amplify ETFs has introduced a new fund for investors seeking returns from Solana. The Amplify Solana 3% Monthly Option Income ETF trades under the ticker SOLM. This product represents a first for the market, aiming to provide both income and exposure to the crypto asset. The fund operates as part of the firm’s YieldSmart series. Its primary goal is generating a consistent return stream. The fund targets a 36 percent annual yield from option premiums, translating to a 3 percent monthly distribution.
One portion, between 30 and 60 percent of the portfolio, is dedicated to a covered call strategy. This involves selling weekly options contracts on Solana. The other portion, making up 40 to 70 percent of the fund, maintains direct exposure to Solana’s price movements.
The ETF divides its holdings into two distinct parts
The covered call segment is designed to generate income from option premiums. It also allows for potential price gains of 5 to 10 percent each week. The remaining portion of the fund has no cap on its growth potential, tied directly to Solana’s long-term value.
Christian Magoon, CEO of Amplify ETFs, stated the company is pleased to join the Solana market with this unique ETF. He said the product is built to deliver an income solution that aims to exceed yields from standard staking.
Consequently, this approach can lead to compounded returns and offers more flexibility in changing market conditions. Meanwhile, Solana’s token, SOL, has a market value of $86.6 billion. Some analysts note potential for a price recovery after a recent decline, watching key technical levels for confirmation.
As of November 5, 2025, the current price of Solana (SOL) is approximately $157.84 USD, according to CoinGecko live data. Over the past 24 hours, the token has recorded a 2.16% decline, and over the past 7 days, it has dropped by 20.6%, reflecting a significant correction following weeks of high volatility in the crypto market. Solana’s market capitalization stands at around $87.24 billion USD, with a daily trading volume of roughly $10.9 billion USD and a circulating supply of 552.7 million SOL.
From a technical perspective, Solana is undergoing a corrective phase within a short-term bearish trend, after testing resistance levels near $164 USD. The current daily range is between $147.97 and $164.71 USD, with immediate support around $150 USD, a key level that could trigger a rebound. If the price manages to consolidate above $160 USD, SOL could regain momentum toward the $175 USD mark in the short term.
