Leveraged Ether bulls tapped the brakes this week, as the 2x Ether ETF, ETHU, logged outflows of $7.25 million on January 16, 2026, trimming risk exposure after a choppy start to the year. The latest redemption represents roughly 0.38% of the fund’s $1.89 billion in assets under management, a modest but notable pullback for a product designed to amplify Ethereum’s price moves.
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Such outflows suggest some investors in the 2x Ether ETF are locking in gains or reducing leveraged bets amid growing unease over Ether’s near-term trajectory. With only a fraction of AUM affected, the move does not yet signal a wholesale exit, but it underscores how quickly sentiment can shift in high-octane crypto vehicles when volatility re-emerges.
The related asset, ETH-USD, is currently trading around $2,952 and has dropped about 22.7% over the past three months, as speculative froth has come off and traders reassess the timing and impact of upcoming Ethereum ecosystem upgrades. Short-term momentum looks fragile: the 1-day technical signal is flashing a bearish Strong Sell, reinforcing the case for caution among leveraged ETF holders.
For crypto investors, the combination of sustained three-month weakness and fresh ETF outflows hints at a market in consolidation rather than capitulation—one where positioning is being recalibrated rather than abandoned. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.