Ether Bulls Blink as ProShares Ultra Ether ETF Sees $4.5 Million One-Day Outflow
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The ProShares Ultra Ether ETF, ETHT, recorded a notable reversal in sentiment on January 16, 2026, with investors pulling approximately $4.50 million from the leveraged Ether vehicle. The outflow represents about 1.19% of the fund’s latest reported assets under management, which stand at $377.3 million, signaling a meaningful bout of de-risking rather than routine noise.
The move comes against a choppy backdrop for the underlying asset, Ether. The related asset, ETH-USD, is currently trading around $3,089.84, having shed roughly 19.4% over the past three months. Short-term momentum remains fragile, with the 1-day technical outlook flashing a cautious tone at Sell, underscoring traders’ reluctance to lean aggressively into leverage while the market searches for a firm bottom.
Flows of this size in a leveraged product like ETHT often reflect fast-money positioning rather than long-term conviction shifts, but they can still amplify short-term price swings in both the ETF and its underlying derivatives. With Ether stuck in a corrective phase and technicals skewing bearish, some investors appear to be dialing back risk, preferring to wait for clearer signs of stabilization before re-entering leveraged exposure.
Whether this latest outflow marks the start of a broader pullback or just a pause in risk-taking will likely hinge on Ether’s ability to reclaim lost ground and improve its technical profile. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.