Leverage Lovers Double Down: 2x Ether ETF Attracts Fresh Inflows Despite Ether Slump
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The 2x Ether ETF, ticker ETHU, drew a fresh $6.22 million in net inflows on January 23, 2026, even as its underlying asset continues to trade under pressure. With total assets under management now standing at roughly $1.51 billion, the latest move represents about 0.41% of the fund’s AUM—modest in size, but notable given the recent drawdown in Ether prices.
The related asset, ETH-USD, is currently trading around $2,905, down roughly 28.7% over the past three months, underscoring how volatile the backdrop has been for leveraged Ether products. Short-term momentum remains fragile, with a 1-day technical signal flashing Sell, suggesting that chart-based traders still see scope for further near-term weakness.
Yet the latest inflow into ETHU points to a segment of investors willing to lean into that weakness, potentially positioning for a rebound or using the 2x exposure for tactical trades rather than long-term holdings. For leveraged ETFs tied to crypto, such flows often reflect active, short-horizon strategies that can swing quickly with sentiment and liquidity. If Ether stabilizes or stages a relief rally, these investors could be early beneficiaries—but the combination of a bearish technical backdrop and leverage also means drawdowns can accelerate if selling pressure resumes.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.