Just spotted something interesting - REX Shares dropped a new ETF called GIF that's basically designed for people like us who want steady income without constantly managing options. Launched end of February on Cboe BZX, and it's got this whole weekly distribution thing going.

So here's the setup: GIF bundles nine of their other Growth & Income ETFs into one fund. You get exposure to Coinbase, MicroStrategy, Nvidia, Tesla, Palantir, Robinhood, CoreWeave, Eli Lilly and Walmart all in one ticker. Each position runs about 1.25x leverage with covered calls on roughly half the holdings. The fund rebalances monthly to keep things balanced.

The income part is what's getting attention - headline distribution rates are hitting above 30%, though the SEC yield is way more conservative. Comes from those covered call premiums. Expense ratio sits around 1.23% though, plus you're paying fees on the underlying funds too.

Obviously there's a catch. Leverage can hurt hard if markets drop, and those covered calls cap your upside when things rally. The holdings are all pretty volatile anyway - tech, crypto proxies, AI plays. So you're getting weekly income but trading away some potential gains.

Feel like GIF is targeting that sweet spot where people want yield from crypto-adjacent and growth stocks without having to actually trade options themselves. Whether it works long-term probably depends if investors stick with it when volatility spikes. Anyone else looking at this one?