Investors Tap the Brakes on Leveraged Ether: ProShares ETHT Sees Outflows Despite Short-Term ‘Buy’ Signal

Ether Bulls Hit the Brakes as ProShares Ultra Ether ETF Sees Notable Outflows

ProShares Ultra Ether ETF’s ETHT logged a sharp reversal in sentiment on January 09, 2026, with investors pulling $8.51 million from the leveraged ether vehicle. The outflow, while modest in absolute terms for a crypto-linked product, represents a meaningful 2.30% of the fund’s latest $370.43 million in assets under management, signaling a bout of profit-taking or de-risking after a volatile stretch for the underlying token.

The related asset, ETH-USD, is currently trading around $3,306.90. Despite a roughly -15.41% slide over the past three months, the short-term tone has brightened, with its 1-day technical signal flashing Buy. This divergence—short-term technical strength against a weaker medium-term performance—may be prompting leveraged ETF holders to reduce exposure, as these products can amplify both gains and losses during choppy price action.

The scale of the latest outflows suggests that more tactical traders in ETHT are stepping aside, even as some spot market indicators for ether turn constructive. With crypto volatility still elevated and macro uncertainty lingering, leveraged products like ETHT may continue to see swift shifts in flows as market participants react to each swing in ether’s trajectory. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.