Ether Bulls Blink as ProShares Ultra Ether ETF Books Modest Outflow
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The ProShares Ultra Ether ETF, ETHT, saw net outflows of $890,240 on January 06, 2026, a small but notable pullback that represents about 0.23% of its $391.47 million in assets under management. While the percentage impact on AUM is limited, the move underscores investors’ cautious stance toward leveraged ether exposure after a turbulent quarter for the underlying token.
The related asset, ETH-USD, is currently trading at $3,088.48, having shed roughly 28.2% over the past three months. That drawdown reflects broader risk-off sentiment in crypto, as traders reassess growth narratives, regulatory headwinds, and the durability of this year’s earlier rally. Despite the recent slide, the 1-day technical outlook for ETH screens as a cautious pause rather than a capitulation, with the short-term signal at Hold.
For ETHT, the latest flow suggests some leveraged long positions are being trimmed rather than a wholesale exit from ether exposure. In volatile markets, even relatively small outflows can signal a shift in conviction, as sophisticated traders rebalance risk or lock in remaining gains. If ETH stabilizes around current levels, ETHT could quickly see flows reverse, but further downside in the token may amplify redemptions given the fund’s leveraged structure.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.