If you use the Eraser tool in Layer Source & Paint or Paint Only mode, it creates Eraser strokes that can be modified and animated. In contrast, using the Eraser tool in Last Stroke Only mode only affects the last paint stroke drawn and does not create an Eraser stroke.
To temporarily use the Eraser tool
in Last Stroke Only mode, Ctrl+Shift-drag (Windows) or Command+Shift-drag
(Mac OS).