Ether Bulls Tap the Brakes as ProShares’ Leveraged ETHT Fund Sees Notable Outflows
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ProShares Ultra Ether ETF, trading under the ticker ETHT, recorded net outflows of $7.13 million on January 2, 2026, a sizable pullback equal to roughly 2.2% of its $324.34 million in assets under management. For a leveraged vehicle that often attracts short-term traders and speculative flows, the move underscores a bout of investor caution after a bruising quarter for ether prices.
The related asset, ETH-USD, is currently trading at $3,142.82, having shed about 31.4% over the past three months. The 1-day technical stance sits at a neutral Hold, reflecting a market caught between dip-buyers and investors seeking to de-risk after an extended slide.
The withdrawal from ETHT suggests leveraged ether traders may be trimming exposure rather than doubling down on recent weakness, a notable shift from the aggressive positioning that often characterizes such products. With ether’s short-term signals offering no clear directional conviction, flows into and out of ETHT could remain choppy as macro conditions and regulatory headlines continue to drive sentiment in the broader crypto complex.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.