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Leveraged Ether Bet: ProShares’ ETHT Draws Fresh Cash Even as ETH Price Slumps

Leveraged Ether Bet: ProShares’ ETHT Draws Fresh Cash Even as ETH Price Slumps

Ether-Leveraged ETHT ETF Sees Solid Inflows as Traders Fade Crypto Slump

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ProShares Ultra Ether ETF, the leveraged fund trading under ticker ETHT, attracted $5.81 million in fresh capital on April 17, 2026, marking a notable positive flow day. With assets under management now at $266.25 million, the latest influx represents about 2.18% of the fund’s AUM, signaling renewed speculative interest despite Ether’s recent price slide.

The related asset, ETH-USD, is currently trading at $2,310.36 after a rough three months in which it shed roughly 20.7% of its value. Short-term momentum remains fragile, with a 1-day technical signal flashing Sell, underscoring the cautious tone in spot markets even as ETF investors lean into volatility.

This divergence between negative spot signals and positive ETF flows suggests some traders view the recent pullback as an opportunity to position for a rebound through leverage. Others may simply be using ETHT’s structure for short-term directional bets, amplifying intraday moves rather than expressing long-term conviction. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.

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