Exhibit 23.1

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We hereby consent to the incorporation by reference in the Registration Statement on Form S-3 (No. 333-269386) of Ellington Financial Inc. of our report dated March 31, 2023 relating to the financial statements of Arlington Asset Investment Corp., which appears in this Current Report on Form 8-K.

/s/ PricewaterhouseCoopers LLP

Washington, DC

February 23, 2024