From $100M to $250M in 3 Months: TappAlpha’s Rapid Growth Continues as It Looks to Define Growth + Income Investing

TappAlpha (Nasdaq: TSPY) announced it surpassed $250 million in AUM on Jan 13, 2026—just three months after reaching $100 million.

Rhea-AI Summary

TappAlpha (Nasdaq: TSPY) announced it surpassed $250 million in AUM on Jan 13, 2026—just three months after reaching $100 million. Growth was driven by advisor and investor demand for two actively managed ETFs: TSPY (S&P 500 exposure with a daily 0DTE covered call overlay) and TDAQ (Nasdaq-100 with the same daily income engine).

The firm also launched the T² Lift™ Series with Tuttle Capital to deliver ~30% more exposure to these strategies and says additional strategies are in development as it expands its Growth + Income platform.

Positive

• AUM +150% in 3 months to $250M (Jan 13, 2026)
• TSPY offers S&P 500 core exposure with a daily 0DTE covered call income overlay
• TDAQ applies the same daily income engine to Nasdaq-100 (launched Sept 2025)
• T² Lift Series partnership with Tuttle delivers ~30% additional exposure

Negative

• None.

Argus Jan 13 session

-0.06% close to close Open Argus

Details

News Market Reaction – TSPY

On Jan 13, the day this news came out, TSPY closed 0.06% below the previous close.

Data tracked by StockTitan Argus for the Jan 13 session.

Key Figures

Platform AUM: $250 million Prior AUM level: $100 million Growth interval: 3 months +3 more

Platform AUM

$250 million

TappAlpha assets under management milestone

Prior AUM level

$100 million

Reached three months before $250M milestone

Growth interval

3 months

Time from $100M to $250M AUM

TSPY launch date

August 2024

Launch of TSPY ETF with 0DTE covered calls

TDAQ launch date

September 2025

Launch of TDAQ ETF on Nasdaq-100

Leverage increase

30% more exposure

T² Lift™ Series light leveraged versions of TSPY and TDAQ

Historical Context

4 past events · Latest: Jan 07

4 events

1. Jan 07

   Leveraged ETF launch

   24h Move

   -0.5%

   Launch of T² Lift™ light‑leverage TSYX and TDAX ETFs.

2. Oct 31

   AUM and performance update

   24h Move

   +0.2%

   TDAQ surpasses $25M AUM and slightly outperforms Nasdaq‑100 benchmark.

3. Oct 02

   AUM milestone

   24h Move

   -0.0%

   TSPY exceeds $100M in AUM with daily covered call strategy.

4. Sep 04

   New ETF launch

   24h Move

   +0.8%

   Launch of TDAQ ETF with Nasdaq‑100 exposure and daily covered calls.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

etf, assets under management (aum), covered call, 0dte, +3 more

7 terms

etf financial

"TappAlpha, an ETF platform helping define the Growth + Income investing..."

An ETF, or exchange-traded fund, is like a basket of different investments such as stocks or bonds that you can buy or sell easily on the stock market, just like a regular share. It allows people to invest in many companies at once, making it a simple way to grow savings without picking individual stocks.

View in glossary

assets under management (aum) financial

"it has surpassed $250 million in assets under management (AUM)—three months..."

Assets under management (AUM) is the total value of all the investments that a financial company or fund is responsible for overseeing on behalf of its clients. It’s like a bank counting all the money it manages for people and organizations—more AUM generally means the company is trusted with larger amounts and can charge higher fees.

covered call financial

"a daily zero days to expiration (0DTE) covered call strategy designed..."

A covered call is an income strategy where an investor who already owns shares sells the right for someone else to buy those shares at a set price within a set time. Think of it like renting out a house: you collect steady rent (the option premium) but agree to sell if a buyer pays the agreed price, so you trade some upside potential for immediate income and a small cushion against modest drops in the stock.

View in glossary

0dte technical

"a daily zero days to expiration (0DTE) covered call strategy..."

0dte stands for “zero days to expiration” and describes options contracts that expire on the same trading day they’re used. Their value can swing rapidly as the market moves, like placing a bet that must resolve before the day ends. Investors pay attention because 0dte options can yield quick gains or losses and are used for short-term trading or intraday hedging, but they carry high timing and risk sensitivity.

nasdaq-100 financial

"TDAQ (Cboe: TDAQ), launched in September 2025, brings the same daily income engine to the Nasdaq-100..."

The Nasdaq-100 is a stock market index made up of the 100 largest non‑financial companies listed on the Nasdaq exchange, weighted so larger companies have more influence on its moves. Investors use it like a thermometer for growth-oriented and technology-focused U.S. stocks — it serves as a benchmark for performance, a basis for index funds and ETFs, and a quick way to add or measure exposure to big, fast-growing companies.

s&p 500 financial

"TSPY (Nasdaq: TSPY) seeks to deliver core exposure to the S&P 500..."

The S&P 500 is a broad stock market index that tracks the performance of 500 large U.S. companies, weighted so bigger firms have a larger impact. Investors use it like a thermometer or benchmark to judge how the overall U.S. stock market or a portfolio is doing; movements in the index influence investor sentiment, fund performance, and many passive investment products that aim to match its returns.

View in glossary

leveraged financial

"T² Lift™ Series, which offers light leveraged versions of TSPY and TDAQ..."

Leveraged means using borrowed money or other tools to increase the size of an investment so potential gains are larger than they would be with only your own funds. Like using a lever to lift a heavier object, leverage can magnify profits but also magnify losses, making the investment more volatile and increasing the chance of rapid losses or forced selling, which is critical for investors to manage carefully.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Milestone Highlights Rising Demand for Growth + Income Strategies Across S&P 500 and Nasdaq-100

SEATTLE, Jan. 13, 2026 (GLOBE NEWSWIRE) -- TappAlpha, an ETF platform helping define the Growth + Income investing category, today announced that it has surpassed $250 million in assets under management (AUM)—three months after hitting the $100 million mark.

This rapid growth has been fueled by advisor and investor demand for TSPY and TDAQ, two actively managed ETFs offering daily income overlays on top of broad market exposure to the S&P 500 and Nasdaq-100, respectively.

“We’re grateful for the trust investors and advisors have placed in TappAlpha,” said Si Katara, Founder and CEO. “Surpassing $250 million in AUM reflects a clear appetite for a new approach to tax-efficient growth + income—one that’s simple, transparent, and built for modern portfolios. That principle has guided everything we’ve built.”

Innovating Where Investors Are Already Positioned

Launched in August 2024, TSPY (Nasdaq: TSPY) seeks to deliver core exposure to the S&P 500, enhanced by a daily zero days to expiration (0DTE) covered call strategy designed to generate consistent, tax-efficient monthly income.

TDAQ (Cboe: TDAQ), launched in September 2025, brings the same daily income engine to the Nasdaq-100—offering a way to participate in tech sector growth while seeking consistent, tax-efficient monthly income.

Both funds aim to support investors who want to:

• Stay invested in equities
• Generate recurring income
• Balance the tradeoff between yield and upside potential
  

TappAlpha also recently partnered with Tuttle Capital Management to introduce the T² Lift™ Series, which offers light leveraged versions of TSPY and TDAQ — built to deliver 30% more exposure to the growth and income strategies investors already trust.

TappAlpha’s platform is set for expansion, with additional strategies in development. The firm remains focused on its mission: To make investing simple, actionable, and transparent for everyday investors and advisors.

For more information on TappAlpha ETFs, visit TappAlphaFunds.com.

About TappAlpha
TappAlpha is helping define the Growth + Income category through disciplined, rules-based overlays on the world’s most trusted benchmarks. By combining innovation with simplicity, the firm builds solutions designed to unlock income potential and support long-term portfolio outcomes. Founded in 2023, TappAlpha is committed to making investing simple, actionable, and transparent for everyday investors and advisors.

Disclosures

Investors should carefully consider the investment objectives, risks, charges and expenses of the ETFs identified on this site. This and other important information about the Fund are contained in the prospectus, which can be obtained by visiting tappalphafunds.com (the link should be active) or by calling (844) 403-2888. The prospectus should be read carefully before investing.

Investing in securities involves risk, including the potential loss of principal. You could lose money by investing in the Fund and the Fund may not achieve its investment objectives.

ETFs are subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of an ETF’s shares may trade at a premium or discount to its net asset value, an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact a Fund’s ability to sell its shares. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.

The Fund invests in options contracts that are based on the value of the Index, including SPX and XSP options for TSPY and XND and NQX options for TDAQ. This subjects the Fund to certain of the same risks as if it owned shares of companies that comprised the Index, even though it does not own shares of companies in the Index. The Fund will have exposure to declines in the Index. The Fund is subject to potential losses if the Index loses value, which may not be offset by income received by the Fund. To the extent that the Fund invests in other ETFs or investment companies, the value of an investment in the Fund is based on the performance of the underlying funds in which the Fund invests and the allocation of its assets among those ETFs or investment companies. The Fund may incur high portfolio turnover to manage the Fund’s investment exposure. The Fund is classified as “non-diversified” under the 1940 Act.

As of the date of this prospectus, the Fund has no operating history and currently has fewer assets than larger funds. Like other new funds, large inflows and outflows may impact the Fund’s market exposure for limited periods of time. This impact may be positive or negative, depending on the direction of market movement during the period affected.

Due to the short time until their expiration, 0DTE options are more sensitive to sudden price movements and market volatility than options with more time until expiration. Because of this, the timing of trades utilizing 0DTE options becomes more critical.

Even a slight delay in the execution of 0DTE trades can significantly impact the outcome of the trade. 0DTE options may also suffer from low liquidity, making it more difficult for the Fund to enter into its positions each morning at desired prices. The bid-ask spreads on 0DTE options can be wider than with traditional options, increasing the Fund's transaction costs and negatively affecting its returns. These risks may negatively impact the performance of the fund.

Distributor: Foreside Fund Services, LLC

For Media Inquires:
Contact TappAlpha
info@tappalpha.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4fd0964f-f094-4068-8f2d-4d723a831722

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does TappAlpha reaching $250M AUM mean for TSPY shareholders?

It signals growing investor demand for TSPY’s growth+income approach, with AUM rising to $250M as of Jan 13, 2026.

How does TSPY generate monthly income for investors (Nasdaq: TSPY)?

TSPY seeks core S&P 500 exposure and uses a daily 0DTE covered call overlay intended to produce tax-efficient monthly income.

What is TDAQ and when did it launch (Cboe: TDAQ)?

TDAQ is an actively managed Nasdaq-100 ETF using the same daily income engine as TSPY; it launched in September 2025.

What is the T² Lift Series and how does it affect exposure?

The T² Lift Series, launched with Tuttle Capital, offers light-leveraged versions of TSPY and TDAQ designed to deliver about 30% more exposure.

When did TSPY first launch and what investor need does it target?

TSPY launched in August 2024 and targets investors seeking to stay invested in equities while generating recurring, tax-efficient monthly income.