Leveraged Ether Bets Cool as 2x Ether ETF Sees $26M One-Day Exodus

Leveraged Ether Bets Cool as 2x Ether ETF Sees $26M One-Day Exodus

The 2x Ether ETF, traded under the ticker ETHU, recorded sizable outflows on January 29, 2026, with investors pulling roughly $26.1 million from the leveraged product. The redemption represents about 1.66% of the fund’s latest assets under management, which stand at approximately $1.57 billion, signaling a meaningful, if not yet destabilizing, shift in sentiment toward leveraged exposure to Ether.

The move comes against a backdrop of sustained pressure on the underlying asset, Ethereum. The related asset, ETH-USD, is currently trading at $2,644.68, having shed about 30.3% over the past three months. Short-term signals remain cautious: the 1-day technical outlook flashes a bearish tone, with a consensus rating of Sell.

The outflows suggest that some traders may be de-risking from high-octane Ether plays after a volatile quarter, opting either to move to cash or into less leveraged vehicles. While the percentage of AUM withdrawn is not extreme for a leveraged ETF, the scale of the single-day move highlights growing sensitivity to Ether’s drawdown and the prospect of further near-term downside. Should price weakness persist, more investors could continue to unwind leveraged positions, potentially amplifying short-term swings in both the ETF and the underlying crypto market.

For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.