Ethereum ETF Sees Fresh Inflows as Traders Fade a Brutal Three-Month Slide
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The Invesco Galaxy Ethereum ETF, QETH, attracted $1,155,456 in net new money on February 03, 2026, a notable vote of confidence after a turbulent stretch for its underlying asset. The latest inflow represents roughly 5.42% of the fund’s $21.33 million in assets under management (AUM), a sizeable single-day addition that suggests some investors are positioning for a potential rebound rather than exiting on weakness.
The related asset, ETH-USD, is currently trading around $2,258.31, having shed about 32.93% over the past three months. Despite that drawdown, which reflects broad risk-off sentiment and renewed scrutiny of crypto valuations, short-term technicals remain cautious: the one-day signal screens as a Sell, underscoring lingering downside momentum in spot markets.
The juxtaposition of fresh ETF inflows with negative near-term technicals on Ethereum highlights a familiar split in the crypto complex: tactical traders still see pressure ahead, while ETF buyers may be leaning into the drawdown as a longer-term accumulation opportunity. If flows like Monday’s persist, they could help stabilize secondary market liquidity in QETH even as the underlying token continues to test investor conviction.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.