Leveraged Ether ETF Sees Multi-Million Outflow as Traders Flinch at Prolonged Crypto Pullback
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The 2x Ether ETF, ETHU, recorded a sizable outflow of $7,246,272 on January 16, 2026, as speculative exposure to Ethereum came under pressure. Despite the redemption, the fund still manages $1,887,190,753 in assets under management (AUM), with the latest move representing roughly 0.38% of its total capital base.
The withdrawal underscores growing caution toward leveraged crypto products after a choppy quarter for Ethereum. While 0.38% of AUM is not yet indicative of a rush for the exits, it signals that some investors are trimming risk in a fund explicitly designed to amplify Ether’s daily moves—both up and down.
The related asset, ETH-USD, is currently trading around $3,089.84. Over the past three months, Ether has dropped approximately 19.40%, erasing a chunk of prior gains and testing the conviction of leveraged bulls. The short-term trading tone remains cautious, with the 1-day technical signal flashing Sell, suggesting momentum and trend indicators are still tilted to the downside.
The combination of a negative near-term technical picture for Ether and a leveraged product structure appears to be pushing some investors to de-risk, even as total assets in ETHU remain elevated by historical standards. Whether this marks the start of a broader repositioning or a short-term adjustment will likely depend on how quickly Ethereum can stabilize and reclaim key technical levels.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.