Leveraged Ether ETF Draws Heavy Inflows as Traders Bet Against the Gloom

Ether’s Double-Long Bet Draws Fresh Cash as ProShares Ultra Ether ETF Sees Big Inflows

The ProShares Ultra Ether ETF, ETHT, attracted a sizable new wave of capital on February 06, 2026, with latest net inflows of $13.16 million. The leveraged ether vehicle now manages $157.67 million in assets under management (AUM), meaning the latest flow accounts for roughly 8.35% of its total size—an unusually large single-day shift that signals renewed risk appetite among traders despite recent weakness in the underlying token.

The related asset, ETH-USD, is currently trading at $2,103.73, having shed about 38.9% over the past three months. Short-term price action remains under pressure, with the 1-day technical signal flashing a bearish Strong Sell. The sharp drawdown suggests that a portion of the new money entering ETHT is likely positioning for a potential rebound in ether rather than chasing momentum.

Such a sizable inflow into a leveraged product at a time of pronounced weakness in the underlying asset often reflects speculative capital looking to time a turnaround, or sophisticated traders using the ETF for tactical hedging and short-term directional bets. With nearly a tenth of ETHT’s AUM effectively turning over in a single day, the fund is emerging as an increasingly important tool for investors seeking amplified exposure to ether’s volatility, whether to play a recovery or to express a view that the slide has further to run.

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