Short Ether bets took a sizable hit this week as ProShares’ ProShares Short Ether Strategy ETF, SETH, recorded outflows of $1,855,347 on February 06, 2026. The redemption, equal to about 11.8% of its $15.67 million in assets under management, underscores waning conviction in bearish Ether positioning after months of volatility.
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The related asset, ETH-USD, is currently trading at $1,942.12 after sliding roughly 41.2% over the past three months. Despite that steep decline, the token’s 1-day technical signal still flashes a cautious Sell, suggesting that traders remain wary of declaring a durable bottom in Ether just yet.
Outflows of this magnitude from a short product can signal profit-taking by bears or tentative bottom-fishing by investors rotating away from hedges. With SETH’s size relatively modest, the move is unlikely to shift broader derivatives markets, but it does add to evidence that the most aggressive downside positioning in Ether may be easing.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.