Investors Pour Into Ethereum Income Play NEHI Despite Double-Digit Slide in ETH Prices

Ethereum Income ETF NEHI Draws Fresh Cash as Traders Bet on Yield Over Price Slump

The NEOS Ethereum High Income ETF, ticker NEHI, attracted a sizeable inflow of $4,489,731 on January 21, 2026, a move that stands out against its relatively modest scale. With current assets under management of $26,192,155, the latest subscription wave amounts to roughly 17.1% of the fund’s AUM, signaling renewed investor appetite for income-focused Ethereum exposure despite recent weakness in the underlying token.

Such a large single-day flow, relative to the fund’s size, suggests that allocators may be using NEHI as a way to re-engage with crypto while tempering direct price risk. High-income strategies tied to Ethereum can be particularly appealing in choppy markets, as investors seek to monetize volatility and on-chain yields rather than rely solely on spot price appreciation.

The related asset, ETH-USD, is currently trading around $2,905. Over the past three months, Ethereum has dropped approximately 28.7%, underscoring the sector’s recent drawdown and the risk backdrop for any ETH-linked product. Short-term momentum also remains fragile, with the 1-day technical signal flashing Sell, indicating that chart-based models still see downside or, at best, a lack of positive catalysts in the immediate term.

Against that backdrop, NEHI’s latest inflow looks less like a broad-based risk-on surge and more like a tactical allocation: investors appear willing to re-enter the Ethereum ecosystem through structured, yield-oriented exposure rather than outright spot holdings. If selling pressure in ETH persists, the fund’s performance will remain sensitive to underlying market conditions, but the strong intake suggests a cohort of investors is positioning for eventual stabilization while collecting income along the way.

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