Short Ether ETF Sees Big Inflow as Traders Double Down on Downturn
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The ProShares Short Ether Strategy ETF, SETH, attracted $751,354 in new capital on January 20, 2026, a sizable bet against Ether that amounts to roughly 7.6% of the fund’s latest assets under management. SETH now oversees about $9.9 million, with the latest inflow signaling growing conviction among traders seeking to profit from further weakness in the world’s second-largest cryptocurrency.
The related asset, ETH-USD, is currently trading at $2,916.59 after a bruising three months in which it has shed about 22.83% of its value. The near-term technical backdrop remains bearish, with a 1-day signal flashing Strong Sell, reinforcing the appeal of inverse products like SETH for short-term speculators and hedgers.
SETH’s latest flow, large relative to its size, suggests that despite Ether’s recent pullback, a cohort of investors is positioning for additional downside or at least further volatility. For some, the ETF serves as a tactical hedge against spot or long-derivatives exposure, while for others it is a direct expression of skepticism over Ether’s ability to stabilize amid tightening liquidity and risk-off sentiment across digital assets.
Whether this surge into a short Ether vehicle proves prescient or merely reflects late-arriving pessimism will hinge on how quickly fundamentals and risk appetite in the broader crypto market can turn. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.