Short Ether Bets Ease as ProShares’ UltraShort ETF Sees Notable Outflow
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The ProShares UltraShort Ether ETF, ETHD, recorded a sizeable outflow of $1,344,723 on January 09, 2026, trimming its bearish exposure to Ethereum. The leveraged inverse fund now oversees $70,953,413 in assets under management (AUM), with the latest redemption equal to roughly 1.9% of its total capital base—an amount large enough to suggest a meaningful shift in positioning rather than routine noise.
The related asset, ETH-USD, is trading around $3,100.97, down about 17.8% over the past three months as Ether has struggled to regain momentum amid broader risk-off currents in digital assets. Despite this drawdown, the 1-day technical posture still skews negative, with a short-term signal flashing Sell, underscoring ongoing pressure on the underlying token.
Outflows from ETHD can be interpreted as some investors taking profits on previously successful bearish wagers or reducing leverage after Ether’s recent slide. While a single session does not define a trend, a nearly 2% hit to AUM in one day signals that a portion of the market may be less confident in further near-term downside, even as technical indicators remain cautious. The move highlights the current tug-of-war between traders betting on continued weakness and those positioning for stabilization—or a potential rebound—in Ether prices.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.