Crypto Investors Flock to Yield-Focused ETF Amid Ethereum Slump

The Amplify Ethereum Max Income Covered Call ETF (EHY) has attracted significant inflows of $646,128 on June 5, bringing its assets under management to around $3.88 million.

This influx represents about 16.6% of the fund's size, indicating renewed investor interest in EHY despite a choppy backdrop for Ethereum.

Ethereum (ETH-USD) is currently trading at approximately $1,623.04, down around 18.1% over the past three months due to weakening risk sentiment across digital assets.