Ether leverage isn’t dead yet. ProShares’ ProShares Ultra Ether ETF, ETHT, drew fresh inflows of $1,429,720 on February 23, 2026, even as crypto markets remain under pressure. The move lifts the fund’s assets under management to $190.0 million, with the latest intake equal to roughly 0.75% of its total AUM.
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The related asset, ETH-USD, is currently trading at $1,914.60 after a bruising three‑month slide of about 37%. Short‑term sentiment remains fragile, with a 1‑day technical signal flashing Strong Sell, yet ETHT’s inflows suggest some traders are positioning for an eventual rebound in the world’s second‑largest cryptocurrency.
The juxtaposition of waning prices and fresh capital underscores the speculative character of leveraged Ether products. While retail and momentum accounts may be retreating, more risk‑tolerant investors appear to be using ETHT to scale exposure into weakness, effectively betting that current levels will mark a medium‑term entry point. That divergence between price action and flows will be closely watched if volatility accelerates.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.