Ether Slides, but ProShares’ EETH ETF Sees Investors Pile In Anyway

Ether ETF Pulls in Big Money as Price Slump Tests Investor Nerves

The ProShares Ether Strategy ETF, EETH, recorded a sizable inflow of $21.76 million on January 29, 2026, a move that reshaped nearly 22% of its asset base in a single day. The latest flow lifts the fund’s assets under management to $99.08 million, underscoring renewed demand for Ether exposure via regulated products even as the underlying token remains under pressure.

Such a large one-day allocation relative to assets suggests either fresh institutional interest or a decisive rotation by existing holders who view current Ether price levels as an opportunity rather than a warning. It also highlights how quickly sentiment toward crypto-linked ETFs can swing, with flows often anticipating shifts in the spot market rather than simply reacting to them.

The related asset, ETH-USD, is currently trading at $2,428.98, having shed about 30.6% over the past three months. From a short-term trading perspective, the token is flashing a bearish tone, with the 1-day technical signal currently set to Sell. The divergence between the ETF’s strong inflows and Ether’s weak recent performance could indicate that some investors are positioning for a medium-term rebound, using the drawdown as an entry point.

Still, the negative technical backdrop underscores that any recovery thesis is far from guaranteed; traders may face continued volatility if macro conditions tighten further or if risk appetite fades across digital assets. For now, EETH’s aggressive inflow suggests that a segment of the market is willing to look through near-term price weakness in favor of longer-term Ether exposure.

For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.