Ether Bulls Tap the Brakes as ProShares Ultra Ether ETF Sees Notable Outflow
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The ProShares Ultra Ether ETF, ticker ETHT, recorded a sizable outflow of $8.51 million on January 09, 2026, underscoring a bout of profit-taking or risk reduction among leveraged Ether traders. The withdrawal represents roughly 2.44% of the fund’s latest assets under management, which stand at $348.7 million, a meaningful single-day swing for a product designed to amplify exposure to Ether’s price moves.
The related asset, ETH-USD, is currently trading around $3,111.12. Despite a steep three-month decline of about 25.5%, short-term traders are starting to see glimmers of strength: the 1-day technical signal is flashing a cautious positive bias at Buy. This divergence—leveraged ETF outflows against an improving near-term technical backdrop—suggests some investors may be dialing back high-octane exposure even as spot indicators hint at a potential rebound.
The move could reflect a transition from leveraged vehicles into more conservative holdings, or simply a reset after a volatile quarter for Ether. With a material slice of ETHT’s capital exiting in a single day, market participants will be watching closely to see whether this marks the tail end of deleveraging or the start of a broader retreat from leveraged crypto products.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.