Ether Bulls Take a Breather as ProShares Ultra Ether ETF Sees Notable Outflow
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ProShares Ultra Ether ETF, ticker ETHT, registered a sizable one-day outflow of $4.50 million on January 16, 2026, trimming its leveraged exposure to Ether futures. The redemption represents roughly 1.19% of the fund’s $377.32 million in assets under management, signaling a cautious turn among traders who had previously embraced the ETF’s amplified bet on Ether’s price.
The move comes against a challenging backdrop for the underlying asset, ETH-USD, which is trading around $3,323.54 after shedding about 15.2% over the past three months. Despite that medium-term drawdown, short-term momentum appears to be stabilizing, with the 1-day technical signal flashing a constructive tone at Buy.
Such mixed signals—near-term strength amid longer-term weakness—help explain why a leveraged product like ETHT might see profit-taking or risk reduction even as technicians turn slightly more optimistic on Ether’s immediate outlook. For risk-sensitive investors, the outflow suggests a recalibration of exposure rather than a wholesale loss of confidence in the crypto’s recovery potential, particularly given that the withdrawal, while material, impacts only a small slice of the ETF’s total AUM.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.