Ether bulls blinked but didn’t back down this week as ProShares’ leveraged crypto vehicle, the ETHT, absorbed fresh capital despite a bruising market slide. ProShares Ultra Ether ETF recorded $2,939,360 in net inflows on February 18, 2026, lifting its assets under management to $182,677,477 and shifting roughly 1.61% of its AUM in a single session.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
The related asset, ETH-USD, is currently trading at $1,967.40 after a punishing 3‑month drawdown of about 29.85%, underscoring how aggressively sentiment has reversed since late 2025. Technicians remain wary, with the 1‑day signal flashing a firm Strong Sell, even as ETF investors appear willing to lean into the weakness.
The juxtaposition of inflows into a leveraged Ether product and bearish technicals on spot ETH suggests traders may be positioning for a rebound or employing ETHT as a tactical tool for short‑term swings. With volatility elevated and macro uncertainty unresolved, the ETF’s latest flows highlight the growing role of derivatives‑style products in crypto risk‑taking rather than long‑only conviction plays.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.