Ether Bulls Stick Around: ProShares Ultra Ether ETF Shrugs Off Price Slump With Fresh Inflows
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ProShares’ leveraged crypto vehicle, ETHT, attracted $1,429,720 in net inflows on February 23, 2026, even as underlying Ether prices remain under pressure. The move nudged ProShares Ultra Ether ETF’s assets under management to $190,008,358, with the latest flow representing roughly 0.75% of the fund’s total AUM.
The related asset, ETH-USD, is currently trading at $1,825.29 after sliding about 33.36% over the past three months, underscoring a sharp correction in major digital assets. Despite this drawdown, the one-day technical outlook flashes a bearish tone, with the signal pinned at Strong Sell.
That investors are still adding capital to ETHT suggests some are positioning for a rebound in Ether or using the fund tactically to trade short-term volatility. Leveraged structures like ProShares Ultra Ether ETF tend to amplify both gains and losses, so a 0.75% AUM inflow on a weak tape may reflect speculative dip-buying rather than broad-based confidence in the asset class.
The divergence between persistent inflows and deteriorating technicals could set the stage for elevated volatility if Ether’s price continues to drift lower or snaps back sharply. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.