TappAlpha Expands ETF Lineup with the Innovation 100 Growth & Daily Income ETF (TDAQ)
TappAlpha has launched the Innovation 100 Growth & Daily Income ETF (TDAQ), expanding its ETF lineup to offer exposure to the NASDAQ-100 with a daily covered call strategy. This launch follows the success of their flagship product, TSPY, which has accumulated $69 million in AUM since its August 2024 launch.
TDAQ combines QQQ holdings with a daily covered call overlay, allowing investors to participate in technology and innovation company growth while generating consistent income. The new ETF features a 0.68% management fee and aims to provide monthly distributions, making sophisticated investment strategies accessible to a broader investor base.
TappAlpha ha lanciato l'Innovation 100 Growth & Daily Income ETF (TDAQ), ampliando la sua gamma di ETF per offrire un'esposizione al NASDAQ‑100 con una strategia di covered call giornaliera. Questo prodotto segue il successo del loro fondo principale, TSPY, che ha raggiunto 69 milioni di dollari in AUM dal lancio nell'agosto 2024.
TDAQ combina le partecipazioni di QQQ con un overlay di covered call quotidiano, permettendo agli investitori di beneficiare della crescita delle società tecnologiche e innovative generando al contempo un flusso di reddito costante. Il nuovo ETF prevede una commissione di gestione dello 0,68% e punta a distribuire pagamenti mensili, rendendo strategie sofisticate accessibili a un pubblico più ampio.
TappAlpha ha lanzado el Innovation 100 Growth & Daily Income ETF (TDAQ), ampliando su oferta de ETF para proporcionar exposición al NASDAQ‑100 con una estrategia de covered call diaria. Este lanzamiento sigue al éxito de su producto estrella, TSPY, que ha acumulado 69 millones de dólares en activos bajo gestión desde su lanzamiento en agosto de 2024.
TDAQ combina las posiciones de QQQ con una superposición de covered calls diaria, permitiendo a los inversores participar en el crecimiento de empresas tecnológicas e innovadoras mientras generan ingresos constantes. El nuevo ETF tiene una comisión de gestión del 0,68% y busca ofrecer distribuciones mensuales, haciendo que estrategias complejas sean accesibles para un público más amplio.
TappAlpha가 Innovation 100 Growth & Daily Income ETF (TDAQ)를 출시하며 NASDAQ‑100에 대한 노출을 일일 커버드콜 전략과 함께 제공하는 ETF 라인업을 확장했습니다. 이번 출시는 2024년 8월 출시 이후 TSPY가 6,900만 달러의 운용자산(AUM)을 모은 성공에 이은 것입니다.
TDAQ는 QQQ 보유 종목에 일일 커버드콜 오버레이를 결합하여 투자자들이 기술 및 혁신 기업의 성장에 참여하면서 안정적인 수입을 창출할 수 있게 합니다. 이 신규 ETF는 0.68%의 운용보수를 부과하며 월별 분배를 목표로 해 보다 넓은 투자자층이 정교한 전략을 이용할 수 있도록 설계되었습니다.
TappAlpha a lancé l'Innovation 100 Growth & Daily Income ETF (TDAQ), élargissant sa gamme d'ETF pour offrir une exposition au NASDAQ‑100 avec une stratégie de covered call quotidienne. Ce lancement fait suite au succès de leur produit phare, TSPY, qui a accumulé 69 millions de dollars d'actifs sous gestion depuis son lancement en août 2024.
TDAQ combine les positions de QQQ avec une superposition de covered calls quotidienne, permettant aux investisseurs de profiter de la croissance des entreprises technologiques et innovantes tout en générant des revenus réguliers. Le nouvel ETF affiche des frais de gestion de 0,68% et vise des distributions mensuelles, rendant des stratégies sophistiquées accessibles à un public plus large.
TappAlpha hat den Innovation 100 Growth & Daily Income ETF (TDAQ) aufgelegt und erweitert damit sein ETF‑Angebot um eine NASDAQ‑100‑Exponierung mit einer täglichen Covered‑Call‑Strategie. Der Start folgt auf den Erfolg ihres Flaggschiffs TSPY, das seit dem Start im August 2024 69 Millionen US‑Dollar an verwaltetem Vermögen angesammelt hat.
TDAQ verbindet die QQQ‑Bestände mit einem täglichen Covered‑Call‑Overlay, sodass Anleger an der Entwicklung von Technologie‑ und Innovationsunternehmen partizipieren und gleichzeitig regelmäßige Erträge erzielen können. Der neue ETF hat eine Managementgebühr von 0,68% und strebt monatliche Ausschüttungen an, um komplexe Anlagestrategien einem breiteren Anlegerkreis zugänglich zu machen.
- None.
- Relatively high management fee of 0.68%
Insights
TappAlpha launches second 0DTE ETF for NASDAQ-100 exposure while flagship fund reaches $69M AUM milestone.
TappAlpha has expanded its ETF lineup with the launch of the Innovation 100 Growth & Daily Income ETF (TDAQ), applying its successful daily income strategy to NASDAQ-100 exposure. The announcement comes as the company's flagship product, TSPY, reaches a significant milestone of
The new TDAQ ETF implements the same zero-days-to-expiration (0DTE) options strategy that distinguished TSPY, but with a focus on QQQ holdings rather than the S&P 500. This structure gives investors exposure to high-growth technology companies while potentially generating income through daily covered calls—a sophisticated approach previously less accessible to retail investors.
The ETF's management fee of
TappAlpha's expansion demonstrates the growing investor appetite for income-generating alternatives in the current market environment. The rapid accumulation of
By expanding from S&P 500 to NASDAQ-100 exposure, TappAlpha is targeting investors seeking potentially higher growth profiles with technology-weighted exposure while still maintaining an income component—essentially offering a middle ground between growth and income that traditional sector-focused ETFs don't typically provide.
As TSPY surpasses
SEATTLE, Sept. 04, 2025 (GLOBE NEWSWIRE) -- TappAlpha, a fintech-powered ETF issuer focused on making advanced investment strategies accessible, announces the launch of the TappAlpha Innovation 100 Growth & Daily Income ETF (Cboe: TDAQ). The launch comes as the firm’s flagship product, the TappAlpha SPY Growth & Daily Income ETF (Nasdaq: TSPY), surpasses
Since its launch in August 2024, TSPY has gained investor attention with its unique zero-days-to-expiration (0DTE) strategy on the S&P 500. The fund blends S&P 500 participation with a daily covered call overlay, allowing investors to seek additional income while still capturing the returns of SPY.
With the launch of TDAQ, investors can now access the same strategy—but with exposure to the NASDAQ-100. TDAQ integrates QQQ holdings with a daily covered call strategy, offering investors the opportunity to participate in the growth of leading technology and innovation-driven companies while generating consistent income potential.
“TSPY’s success confirms that investors are looking for smarter ways to generate income while staying invested in the market,” said TappAlpha CEO and Founder, Si Katara. “With TDAQ, we’re expanding that opportunity to the NASDAQ-100, giving investors access to a high-growth segment while benefiting from our pioneering 0DTE income strategy.”
TSPY and TDAQ reflect TappAlpha’s commitment to democratizing sophisticated investment strategies by providing access via income-generating ETFs designed for a broad range of investors. With anticipated monthly distributions, TDAQ is a versatile investment option offered at a management fee of
For more information on the TappAlpha Innovation 100 Growth & Daily Income ETF, visit TappAlphaFunds.com/TDAQ.
About TappAlpha
TappAlpha is a fintech-powered ETF issuer focused on making advanced investment strategies accessible to all investors. By blending innovation with simplicity, TappAlpha delivers solutions designed to unlock income potential and enhance portfolio resilience. Founded in 2023, TappAlpha is committed to making investing simple, actionable, and transparent, always putting investors first.
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 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
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A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/49c1bdad-92ff-4173-ba24-63f610592289
FAQ
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