Short Ether Bets Hit the Brakes as ProShares SETH Sees Heavy Outflows
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The ProShares Short Ether Strategy ETF, SETH, recorded a sharp reversal in sentiment on January 09, 2026, with outflows of $800,366. The redemption represents roughly 8.25% of the fund’s latest assets under management, which now stand at $9.70 million—an unusually large single-day move that suggests investors are reassessing their bearish stance on Ether.
Such a sizeable withdrawal relative to AUM indicates that a meaningful cohort of traders is either taking profits on prior downside bets or rotating out of short exposure altogether. For a niche product designed to profit from declines in Ether, this shift may signal waning conviction in further near-term weakness, even as the underlying token has struggled in recent months.
The related asset, ETH-USD, is currently trading around $3,100.97, down about 17.8% over the past three months. Despite the recent outflow from the short ETF, the short-term picture remains fragile, with the 1-day technical signal flashing a cautious Sell. That combination—medium-term price pressure alongside shrinking assets in a short vehicle—underscores a market in transition, where traders are debating whether Ether’s correction has largely played out or has further to run.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.