Leveraged Ether Bet Draws New Cash Even as Token Slides
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The 2x Ether ETF, ETHU, attracted $1,694,152 in fresh inflows on February 23, 2026, defying the latest downturn in its underlying asset. With assets under management now at $758.5 million, the latest flow represents roughly 0.22% of AUM, a modest but notable vote of confidence in a highly volatile product.
The related asset, ETH-USD, is currently trading at $1,825.29 after a bruising three-month slide of about 33.36%, underscoring the risk appetite of traders piling into leverage. Short-term momentum remains negative, with a 1-day technical signal flashing Strong Sell, suggesting that tactical inflows may be positioning for a rebound or further volatility rather than a steady recovery.
The juxtaposition of declining spot prices and continued inflows into a 2x product highlights how speculative interest in Ether remains resilient despite drawdowns. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.