Leverage Lovers Double Down: 2x Ether ETF Draws 11% of Its AUM in a Single Day

Leverage Lovers Double Down: 2x Ether ETF Sees Massive Inflow Despite Ether Slump

The 2x Ether ETF, ETHU, attracted a hefty $113.1 million of fresh capital on February 3, 2026, a move that lifted its assets under management to roughly $1.03 billion. The single-day inflow represents nearly 11% of the fund’s total AUM, signaling an aggressive push by investors to gain leveraged exposure to Ether even as the underlying asset remains under pressure.

Such a sizable allocation, relative to the fund’s existing base, underscores how traders are using ETHU as a tactical vehicle—either to bet on a near-term rebound or to amplify directional views in a market that has recently turned against them. The inflow also suggests that, for some sophisticated participants, volatility in Ether is not a deterrent but an opportunity.

The related asset, ETH-USD, is currently trading at $2,258.31, having shed about 32.93% over the past three months. Despite that steep drawdown, short-term indicators remain cautious, with a 1-day technical signal of Sell, hinting that downside risks have yet to fully abate. The contrast between bearish technicals and bullish ETF flows reflects a classic risk-on posture among leveraged traders who appear willing to front-run a potential turnaround in Ether’s price.

Whether this surge in leveraged inflows proves prescient or premature will likely hinge on macro liquidity and risk sentiment in the broader digital-asset complex. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.