Ether Bulls Hit the Brakes as ProShares Ultra Ether ETF Sees Heavy Outflows
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The ProShares Ultra Ether ETF, ETHT, recorded a sharp reversal in sentiment on January 23, 2026, with investors pulling approximately $18.05 million from the leveraged fund. The outflow represents about 6.34% of its latest reported assets under management (AUM), which stand at $284.94 million, signaling a notable bout of de-risking among traders who had been using the product for amplified exposure to ether.
The related asset, ETH-USD, is currently trading at $2,931.63, having shed roughly 25.26% over the past three months. The short-term tone remains fragile, with a 1-day technical signal of Sell, underscoring the pressure on bullish structures that had been built up during earlier rallies.
The sizeable one-day withdrawal from ETHT suggests that leveraged ether traders may be cutting exposure amid elevated volatility and a deteriorating technical backdrop. While long-term narratives around Ethereum’s network and future upgrades remain in play, the latest flows indicate that, for now, fast-money participants are stepping back rather than buying the dip.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.