Ether Bears Bulk Up: ProShares UltraShort Ether ETF Draws Fresh Inflows as Crypto Slumps
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ProShares UltraShort Ether ETF, trading under the ticker ETHD, attracted $1,367,412 in new capital on January 29, 2026, as traders continued to position for further downside in the world’s second-largest cryptocurrency. The leveraged inverse fund now manages $76,252,819 in assets under management (AUM), with the latest flow representing roughly 1.79% of its total AUM—a sizable single-day vote of confidence in bearish Ether sentiment.
The related asset, ETH-USD, is currently trading at $2,644.68, having shed about 30.28% over the past three months. The short-term technical backdrop remains fragile, with a 1-day signal flashing Sell, underscoring persistent downward pressure and volatility in Ether markets.
The combination of steep recent losses in Ether and renewed inflows into a leveraged short product suggests that a segment of sophisticated traders is either hedging spot exposure or speculating on additional declines. While leveraged inverse ETFs like ETHD are designed primarily for short-term tactical trades rather than long-term holding, the scale of the latest flow highlights how rapidly sentiment can swing in crypto-linked products when price momentum turns against the underlying asset.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.