Investors poured record sums into a leveraged exchange-traded fund for Ether that had plummeted on Monday after US President Donald Trump’s initial tariff announcements.
The 2x Ether ETF, which uses futures contracts to deliver twice the token’s daily performance, recorded $246.5 million in net inflows on Tuesday — by far the largest single-day intake since the fund’s inception. Just a day earlier the ETF had fallen as much as 46% amid a market-wide downturn that proved particularly acute for Ether, the second-largest cryptocurrency.
