Ether Bulls Hit the Brakes as ProShares’ Leveraged ETH Fund Sees Notable Outflow
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The ProShares Ultra Ether ETF, ETHT, recorded a sizeable outflow of $8,514,576 on January 09, 2026, underscoring a bout of investor caution toward leveraged Ethereum exposure. With assets under management now standing at $348,688,105, the latest redemption wave represents roughly 2.44% of the fund’s AUM—a meaningful shift for a single day in a niche, leveraged crypto strategy.
Such a withdrawal suggests that traders who had previously bet on amplified upside in Ether are reassessing risk as volatility returns to the digital-asset complex. While ETHT remains sizable in terms of capital base, the scale of this outflow signals that at least a segment of speculative capital is rotating to the sidelines, potentially to await clearer technical signals or macro cues.
The related asset, ETH-USD, is currently trading at $3,100.97. Over the past three months, Ether has shed about 17.81% of its value, reflecting persistent selling pressure and a cooling of the earlier rally. Short-term momentum remains fragile, with the 1-day technical signal flashing Sell, reinforcing the caution implied by ETHT’s recent flows.
Against this backdrop, the latest redemptions from ETHT can be read as part of a broader de-risking in high-beta crypto vehicles rather than a wholesale rejection of Ethereum itself. Still, for leveraged ETF investors, the move highlights how quickly sentiment can shift when an already weak underlying asset meets unfavorable technicals.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.