Traders Tap the Brakes on Leveraged Ether: ProShares Ultra Ether ETF Sees New Year Outflows
Claim 70% 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, kicked off 2026 with a notable bout of profit-taking, recording outflows of $7,132,543 on January 2, 2026. The withdrawal represents roughly 2.20% of the fund’s $324.34 million in assets under management (AUM), a sizable move that hints at investors reassessing leveraged exposure to Ether after a turbulent quarter.
The related asset, ETH-USD, is currently trading at $3,222.36, down about 32.1% over the past three months. Despite that sharp drawdown, the 1-day technical tone sits at a cautious midpoint, with a signal of Hold, suggesting neither an outright capitulation nor a conviction rally in the immediate term.
The combination of heavy recent losses in Ether and the inherently amplified risk profile of a leveraged ETF appears to be driving some investors to the sidelines. A 2%+ AUM swing in a single session is meaningful, particularly for a product geared toward short-term tactical trading rather than long-term holding. This could reflect a rotation into less volatile crypto exposure, or simply a wait-and-see stance ahead of potential macro and regulatory catalysts that could reshape sentiment around Ethereum-linked products.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.