Leverage Lovers Buck the Slump: 2x Ether ETF Sees Fresh Inflows Despite Ether Slide
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The 2x Ether ETF, ETHU, drew renewed investor interest on January 23, 2026, posting fresh inflows of $6,218,964. The move, while modest relative to its size, still represents 0.41% of the fund’s latest assets under management, which stand at roughly $1.51 billion. For a leveraged product built to magnify the daily moves of Ether, that allocation shift is a notable vote of confidence amid a bruising quarter for the underlying crypto asset.
The related asset, ETH-USD, is currently trading around $2,883.89, having shed about 29.4% over the past three months. Technically, short-term momentum remains fragile, with a 1-day signal flashing Sell, suggesting that traders remain cautious even as some investors appear willing to lean into the dip via leveraged exposure.
The juxtaposition of net inflows into a 2x product against a sharply negative three-month performance underscores a familiar pattern in crypto markets: speculative traders often use drawdowns as entry points, betting on outsized rebounds. With only a sliver of ETHU’s AUM affected by the latest flow, the move does not yet signal a wholesale sentiment shift, but it does hint that a cohort of risk-tolerant investors is positioning for a potential turnaround in Ether’s trajectory.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.

