Ether Bull Run on Pause? ProShares Ultra Ether ETF Sees 7% AUM Surge in Fresh Inflows
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The ProShares Ultra Ether ETF, ETHT, attracted a robust $21.95 million in new capital on January 26, 2026, marking a significant vote of confidence in leveraged Ether exposure despite recent price weakness in the underlying asset. With total assets under management now at $298.37 million, the latest inflow represents roughly 7.36% of the fund’s AUM—an unusually large single-day allocation that suggests traders are positioning for renewed volatility in Ethereum.
Such a sizable flow, relative to AUM, indicates that investors are not merely rebalancing but actively ramping up directional bets. For a leveraged product like ETHT, this move may reflect expectations of a short- to medium-term rebound in Ether or a desire to tactically trade sharp swings in the crypto market rather than a long-term buy-and-hold stance. The timing, after months of price pressure in Ether, hints at contrarian interest seeking to capitalize on perceived oversold conditions.
The related asset, ETH-USD, is currently trading at $2,937.58, down about 25.03% over the past three months. That drawdown underscores how far Ethereum has fallen from recent highs, even as on-chain activity and broader crypto narratives remain in flux. From a short-term perspective, however, technicals remain unsupportive: the 1-day technical signal stands at Sell, suggesting momentum is still tilted to the downside despite the fresh inflows into ETHT.
The divergence between negative short-term technical readings on ETH and aggressive inflows into ETHT highlights a classic tension in crypto markets: while chart-based signals warn of further weakness, risk-tolerant investors are increasingly using leveraged ETFs to express high-conviction views that the worst of the drawdown may be behind Ethereum—or at least that volatility will offer trading opportunities. Whether these flows mark the early stages of a turnaround or simply another speculative swing will hinge on how Ether responds in the coming sessions.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.