Ether Bears Blink as ProShares Short ETF Sees Sharp Outflow
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The ProShares Short Ether Strategy ETF, SETH, recorded a sizeable outflow of $800,366 on January 09, 2026, trimming its assets under management to $9,711,784. The latest redemption represents roughly 8.24% of the fund’s AUM, a notable vote of reduced conviction from traders who had been positioning for further downside in Ether.
The scale of the withdrawal suggests some short-side investors are stepping back after a volatile stretch for the underlying asset. While SETH remains a niche vehicle in the broader crypto-ETF universe, an outflow of this magnitude in a single day can hint at shifting sentiment, particularly among more tactical, hedge-oriented market participants.
The related asset, ETH-USD, is currently trading around $3,363.28, down approximately 17.64% over the past three months. Despite that medium-term slide, short-term indicators have turned more constructive, with a 1-day technical signal flashing Buy. That combination—a recent drawdown followed by improving technicals—may be encouraging some traders to unwind bearish exposure and probe for a rebound.
While one day of flows does not define a trend, the sizable capital exit from SETH underscores how quickly positioning can swing in crypto-linked products when technical signals change and volatility compresses. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.