Ether Bears Blink as ProShares Short ETF Sees Sharp Outflow
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The ProShares Short Ether Strategy ETF, SETH, recorded a substantial single-day outflow of $800,366 on January 09, 2026, trimming its assets under management to $8.86 million. The withdrawal represents roughly 9.0% of the fund’s AUM, a notable vote of reduced conviction in short-Ether positioning.
The related asset, ETH-USD, is currently trading around $3,296.49. Despite a three-month slide of about 15%, Ether has recently shown signs of resilience, with its one-day technical signal flashing Buy. The combination of improving short-term momentum in Ether and capital exiting a short-focused ETF suggests that some traders may be unwinding bearish bets or positioning for a potential rebound.
Such a sizeable outflow, relative to SETH’s overall size, can indicate shifting sentiment in the derivatives and hedging landscape around Ether, as investors reassess downside risks after a period of weakness. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.