Leveraged Ether Bets Return: 2x Ether ETF Draws Fresh Inflows Despite Price Slump
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The 2x Ether ETF, ETHU, attracted $16.41 million in new capital on January 28, 2026, even as its underlying asset continues to struggle. The latest daily inflow represents roughly 1.02% of the fund’s $1.61 billion in assets under management (AUM), a notable allocation shift that suggests traders are leaning back into leveraged exposure to Ethereum after a difficult quarter for the token.
The size of the flow, relative to AUM, indicates more than routine rebalancing. For a leveraged product designed to amplify short-term moves, a 1% single-day net inflow can signal rising conviction among speculative traders who are positioning either for a near-term rebound in Ether or for heightened volatility. Against the backdrop of a weak spot market, the move underscores how risk appetite in derivatives and leveraged products often reawakens before fundamentals or prices have clearly turned.
The related asset, ETH-USD, is currently trading at $2,719.08, down about 23.01% over the past three months, reflecting sustained selling pressure and waning momentum in the broader crypto market. From a technical standpoint, Ether’s short-term outlook remains fragile, with a prevailing 1-day signal of Sell, suggesting that chart-based indicators are still tilted toward further downside or at least a lack of immediate bullish confirmation.
For leveraged ETF investors, this divergence—fresh inflows into ETHU amid negative price and technical trends in Ether—highlights a familiar dynamic in crypto: risk-tolerant market participants often attempt to front-run a potential reversal, while longer-term investors may remain cautious. Whether this influx marks the early stages of a speculative rebound or a premature bet against persistent headwinds will likely depend on how quickly sentiment and liquidity return to the underlying token.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.