Ether Bulls Tap the Brakes as ProShares Ultra Ether ETF Sees Notable Outflow
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The ProShares Ultra Ether ETF, ETHT, recorded a sizable outflow of $4,502,650 on January 16, 2026, as leveraged ether exposure fell out of favor for the day. The redemption represents roughly 1.19% of the fund’s latest reported assets under management, which stand at $377.3 million, signaling a meaningful — though not yet dramatic — pullback from investors.
The related asset, ETH-USD, is currently trading around $3,205.18, having dropped about 17.12% over the past three months. Despite that decline, the short-term picture remains indecisive, with the 1-day technical outlook flashing a cautious Hold signal rather than a clear bearish or bullish call.
The combination of recent price weakness in ether and a leveraged structure makes ETHT particularly sensitive to sentiment shifts, and the latest outflow suggests some traders may be de-risking after a volatile quarter. Still, with the fund retaining the vast majority of its capital, the move looks more like profit-taking and risk management than a wholesale exit from leveraged ether exposure.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.