Ether’s Leveraged Crowd Dips a Toe Back In as ProShares Ultra Ether ETF Sees Fresh Inflows
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The ProShares Ultra Ether ETF, ETHT, attracted fresh capital on January 21, 2026, logging $2.97 million in net inflows. The move represents just under 1%—0.93%—of the fund’s $317.3 million in assets under management (AUM), a modest but notable vote of confidence in a leveraged ether vehicle after a volatile quarter for the underlying token.
The related asset, ETH-USD, is currently trading around $2,916.59, down roughly 22.8% over the past three months, underscoring the drawdown ETHT investors have been navigating. Despite that weakness, short-term technicals remain bearish, with a 1-day signal flashing Strong Sell, suggesting that traders are either betting on further downside volatility to trade or positioning for a potential rebound ahead of any clear momentum shift.
The latest inflow is relatively small in proportional terms but may indicate that risk-tolerant investors are selectively re-engaging with leveraged Ether exposure, even as the spot market struggles to regain its footing. With ETHT designed to amplify daily moves in Ether, the renewed interest highlights the ongoing appeal of high-beta crypto strategies within a still-cautious market backdrop.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.

