Ether Bulls Blink as ProShares’ Leveraged ETHT Fund Sees Sharp Outflows
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ProShares Ultra Ether ETF, ticker ETHT, recorded a sizeable single-day outflow of $18.05 million on January 23, 2026, a move that shaved roughly 6.34% off its asset base. The leveraged Ether product now manages $284.94 million in assets under management (AUM), with the latest redemption wave underscoring how quickly capital can rotate out of high-octane crypto exposure when sentiment sours.
The related asset, ETH-USD, is currently trading at $3,011.22, having shed about 26.16% over the past three months. That drawdown, steep even by crypto standards, aligns with a cautious short-term backdrop, reflected in a 1-day technical rating of Sell. For leveraged products like ETHT, such price volatility is amplified, often turning modest spot moves into pronounced swings in fund flows.
The latest outflow suggests traders may be de-risking from leveraged Ether exposure rather than abandoning the asset class outright. After a sharp quarter-long decline, many speculative investors appear to be locking in remaining gains or cutting losses, waiting for clearer signals on macro policy and regulatory developments around digital assets. Still, with nearly $285 million in AUM, ETHT remains a significant vehicle for directional Ether bets, and future inflows or outflows are likely to track shifts in short-term momentum.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.